The following items could appear on a bank reconciliation:
a. Outstanding checks
b. Deposits in transit
c. NSF check
d. Bank collection of our note receivable
e. Interest earned on bank balance
f. service charge
g. book error: We creditied Cash for $200. The correct amount was $2,000.
h. Bank error: The bank decreased our account for a check written by another customer.
Requirement
R1. Classify each item as (1) an addition to the book balance, (2) a subtraction from the book balance, (3) an addition to the bank balance, or (4) a subtraction from the bank balance.
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