The following items appear on a bank reconciliation: 1. ___ Outstanding checks 2. ___ Bank error: The

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The following items appear on a bank reconciliation:
1. ___ Outstanding checks
2. ___ Bank error: The bank credited our account for a deposit made by another bank customer.
3. ___ Service charge
4. ___ Deposits in transit
5. ___ NSF check
6. ___ Bank collection of a note receivable on our behalf
7. ___ Book error: We debited Cash for $200. The correct debit was $2,000.
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,
(d) A subtraction from the book balance.

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Financial accounting

ISBN: 978-0136108863

8th Edition

Authors: Walter T. Harrison, Charles T. Horngren, William Bill Thomas

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