Question: Class Exercise QS 7-9Bank reconciliation LO6 1. Identify whether each of the following items affects the bank or book side of the reconciliation and indicate

Class Exercise QS 7-9Bank reconciliation LO6 1. Identify whether each of

Class Exercise QS 7-9Bank reconciliation LO6 1. Identify whether each of the following items affects the bank or book side of the reconciliation and indicate if the amount represents an addition or a subtraction: a. Deposits in transit b.Interest on average monthly balance. c. Credit memos d. Bank service charges. e. Outstanding cheques. f. Debit memos. G.NSF cheques 2. Which of the previous items require a journal entry

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