Question: Using the code letters below, indicate how each of the items listed would be handled in preparing a bank reconciliation. Enter the appropriate code letter

Using the code letters below, indicate how each of the items listed would be handled in preparing a bank reconciliation. Enter the appropriate code letter in the space to the right of each item. Code A Add to cash balance per books B Deduct from cash balance per books C Add to cash balance per bank D Deduct from cash balance per bank E Does not affect the bank reconciliation Items Code 1. Outstanding cheques 2. Bank service charge 3. Cheque for $320 correctly written and paid by the bank but incorrectly entered in the general journal for $230 4. Deposit in transit 5. Bank returned a customer's deposited cheque marked NSF. 6. Interest earned on bank account 7. Bank debit memorandum for cheque printing fees 8. Bank charged a cheque against the company, which should have been charged to another company. 9. A cheque for $236 was correctly paid by the bank but was incorrectly entered in the general journal for $263

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