You are an accountant working for Lake Life Company. You are currently working on a bank reconciliation for June 30, 2020. For the items listed below, state how the item would be dealt with in the bank rec. process.

Cheque #390 for $520 was correctly written and paid by the bank but incorrectly entered in the general journal for $250.	Answer 1Choose...Does not affect the bank reconciliationDeduct from cash balance per booksDeduct from cash balance per bankAdd to cash balance per bankAdd to cash balance per books
An EFT of $560 was received from a customer in payment for their amounts owed.	Answer 2Choose...Does not affect the bank reconciliationDeduct from cash balance per booksDeduct from cash balance per bankAdd to cash balance per bankAdd to cash balance per books
Bank charged $20 for service charges	Answer 3Choose...Does not affect the bank reconciliationDeduct from cash balance per booksDeduct from cash balance per bankAdd to cash balance per bankAdd to cash balance per books
The bank made an error depositing one of our checks from a customer. The bank input $160, when the check was for $610.	Answer 4Choose...Does not affect the bank reconciliationDeduct from cash balance per booksDeduct from cash balance per bankAdd to cash balance per bankAdd to cash balance per books
Outstanding checks from the current month amounted to $100	Answer 5Choose...Does not affect the bank reconciliationDeduct from cash balance per booksDeduct from cash balance per bankAdd to cash balance per bankAdd to cash balance per books