ACCT216 1. Classify the following items as (a) an addition to the bank balance, (b) a subtraction from the bank balance, (c) an addition to the book balance, or (d) a subtraction from the book balance: _____ $20 in service charges _____ A $300 check deposited that was returned NSF _____ An outstanding check that you wrote for $2,000 _____ A deposit in transit of $5,500 _____ Bank Error: the bank credited your account for a deposit made by another customer 2. During 2013, Jimmy Enterprises completed the following transactions: a. Sales revenue on account, $550,000. b. Collections on account, $325,000 c. Write-offs of uncollectibles, $13,000 d. Uncollectible account expense, 5% of sales revenue Required: 1. Prepare the journal entries for the above transactions