Identify the reconciling items.

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Identify whether each of the following items would be (a) added to the book balance, (b) deducted from the book balance in a bank reconciliation, (c) added to the bank balance, or (d) deducted from the bank balance. 1. Deposits in transit Deducted from the bank balance Deducted from the book balance 2. Bank service charge Added to the book balance Added to the bank balance 3. Collection of note and interest by bank on company's behalf NSF check 5. Outstanding checks > > 4.

Answer 1

Question

Chapter 8, Problem 16E

To determine

Identify the reconciling items.

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