Question: Ine Dank made an error. Cheque # 568 for $8,400 was inadvertently processed as $4,800. The bank has been notified and will correct the error

Ine Dank made an error. Cheque # 568 for $8,400 was inadvertently processed as $4,800. The bank has been notified and will correct the error next month. Outstanding cheques. Deposits in transit. Bank service charge. Collection of interest earned on the bank balance. Cheque returned NSF (non- sufficient funds). The company's accountant made an error. Cheque # 570 was recorded as $890 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 no journal entry statement 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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