(Answered) The following items appear on a bank reconciliation1 -

Accounting

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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