Question: Answer the following accounting questions. Answer quickly. It should only take 30 seconds per question! When preparing a Bank Reconciliation, we have the following information:

Answer the following accounting questions. Answer quickly. It should only take 30 seconds per question!

Answer the following accounting questions. Answer
When preparing a Bank Reconciliation, we have the following information: Balance per books $632.00 Balance per bank $785.00 Bank Service charge $8.00 Outstanding checks $245.00 Deposits in transits $184.00 How would you adjust the book balance for the bank service charge assuming the charge was not yet recorded in the general ledger? Increase book balance by $8 () Decrease book balance by $8 ) No adjustment needed ) None of the above How would you adjust the bank balance for the outstanding checks? ) Increase the bank balance by $245 () Decrease the bank balance by $245 ) No adjustment needed ) None of the above How would you adjust the bank balance for the deposits in transit? ) Increase the bank balance by $184 () Decrease the bank balance by $184 ) No adjustment needed () None of the above

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