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The following items appear on a bank reconciliation: 1. Service charge 2. Book error: We debited Cash for $100. The correct debit was $1,000. 3.
The following items appear on a bank reconciliation:
1. Service charge
2. Book error: We debited Cash for $100. The correct debit was $1,000.
3. NSF check
4. Bank collection of a note receivable on our behalf
5. Deposits in transit
6. Bank error: The bank credited our account for a deposit made by another bank customer.
7. Outstanding checks
Classify each item as (a) an addition to the bank balance, (b) a subtraction from the bank balance, (c) an addition to the book balance, or (d) a subtraction from the book balance.
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