Classify each of the following items as one of the following: Addition to the book balance (+

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Classify each of the following items as one of the following:
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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Related Book For  book-img-for-question

Financial Accounting

ISBN: 978-0133052152

2nd edition

Authors: Robert Kemp, Jeffrey Waybright

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