Question: 3. Using the code letters below, indicate how each of the items listed would be handled in preparing a bank reconciliation. Enter the appropriate code

3. Using the code letters below, indicate how each of the items listed would be handled in preparing a bank reconciliation. Enter the appropriate code letter in the blank space to the left of each item. (5 points) A Add to cash balance per books B Deduct from cash balance per books C Add to cash balance per bank D Deduct from cash balance per bank Items: E Does not affect the bank reconciliation I 1. Outstanding checks. 2. Bank service charge. 3. Check for $420 correctly written and paid by the bank but incorrectly entered in the cash payments journal for $240. 4. Deposit in transit. 5. Bank returns deposited check marked NSF

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