The following reconciling items are applicable to the bank reconciliation for Ellington Company: (1) outstanding checks, (2) bank debit memorandum for service charge, (3) bank credit memorandum for collecting a note for the depositor, and (4) deposits in transit. Indicate how each item should be shown on a bank reconciliation. (1)   Outstanding checks                                                              Deducted from Cash Balance Per BooksDeducted from Cash Balance Per BankAdded to Cash Balance Per BankAdded to Cash Balance Per Books           (2)   Bank service charge                                                              Deducted from Cash Balance Per BankAdded to Cash Balance Per BankAdded to Cash Balance Per BooksDeducted from Cash Balance Per Books           (3)   Collection of note by bank                                                              Added to Cash Balance Per BankDeducted from Cash Balance Per BankAdded to Cash Balance Per BooksDeducted from Cash Balance Per Books           (4)   Deposits in transit

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Bank Reconciliation Statement

As a commerce student, we all know that every business has to maintain a cash book to maintain all his cash and bank transactions. A cash book is a book which has two columns, one cash column and one bank column.