PRINTER VERSION BACK NEXT Brief Exercise 7-5 For each of the items in the following list, identify where it is included on a bank reconciliation. Next to each item indicate "Increase Bank" for an increase in the bank balance; "Decrease Bank" for a decrease in the bank balance; "Increase Book" for an increase in the book balance; "Decrease Book" for a decrease in the book balance; or "Not Applicable", to indicate that the item is not included in the bank reconciliation. Increase Bank 4 1. Outstanding cheques from a prior month (May) that are still outstanding 2. Outstanding cheques from a prior month (May) that are no longer outstanding 3. A deposit in transit from the current month (June) 4. A company error in recording a cheque made out for $630 as $360 5. A bank error in recording a company cheque made out for $200 as $290 6. Bank service charges 7. A bank deposit for interest earned on an investment 8. Outstanding cheques from the current month (June) 9. A company error in recording a $1,280 deposit as $1,680 10. A bank service charge for an NSF cheque 11. A bank error in recording a $2,575 deposit as $2,75 12. An EFT collection on account 4 Not Applicable : Increase Book LINK TO TEXT Activity Details topic MacBook Air DD FB FE 510 3 Fa