Indicate which of the actions (1 through 4) listed below must be taken when doing a bank reconciliation for each of the six situations (a through f) described below and on the following page.
1. Add to bank balance
2. Deduct from bank balance
3. Add to general ledger Cash balance
4. Deduct from general ledger Cash balance
____ a. $12 bank service charge
____ b. $300 deposit in transit
____ c. $162 NSF cheque
____ d. A $15 cheque was written and recorded as $25
____ e. Bank collected a $1,000 note less a $50 collection fee
____ f. Cheque No. 111 for the amount of $88 was outstanding