The following reconciling items are applicable to the bank reconciliation for Ellington Company. Indicate which items will require a journal entry. Explain if any items do not require an entry.
a. Outstanding cheques
b. Bank debit memorandum for service charge
c. EFT payment made by a customer
d. Deposits in transit
e. Company error in recording a cheque made out for $880 as $808
f. A bank error in clearing a cheque against Ellington Company’s bank account, when the cheque was written by Wellington Company