Question: indicate the effect on each item listed below on bank reconciliation DO DODI Deposits in transit. Collection of interest earned on the bank balance. Bank

indicate the effect on each item listed below on bank reconciliation

indicate the effect on each item listed below on bank reconciliation DO

DO DODI Deposits in transit. Collection of interest earned on the bank balance. Bank service charge. Outstanding cheques. Cheque returned NSF (non- sufficient funds). The company's accountant made an error. Cheque # 570 was recorded as $980 when the proper amount was $890. The bank made an error. Cheque # 568 for $4,800 was inadvertently 1. Increase in the general ledger cash account - journal entry required 2. Decrease in the general ledger cash account - journal entry required 3. Increase in balance per bank statement - no journal entry required 4. Decrease in balance per bank statement - no journal entry required 5. No effect on the reconciliation - no journal entry required

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