Classify each of the following items as one of the following: Addition to the book balance (+
Question:
Addition to the book balance (+ Book)
Subtraction from the book balance (– Book)
Addition to the bank balance (+ Bank)
Subtraction from the bank balance (– Bank)
______ 1. Outstanding checks
______ 2. Deposits in transit
______ 3. NSF check
______ 4. Bank collection of our note receivable
______ 5. Interest earned on bank balance
______ 6. Bank service charge
______ 7. Book error: We credited Cash for $200. The correct amount of the check was $2,000.
______ 8. Bank error: The bank decreased our account for a check written by another customer.
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