Essay
For each of the items below, use the following letters to identify the correct treatment in a bank reconciliation.
Add to balance per bank Add to balance per books
Deduct from balance per bank Deduct from balance per books ____ 1. Interest income
____ 2. Outstanding checks
____ 3. Check written for $89, but $98 recorded in books
____ 4. Customer's NSF check
____ 5. Note receivable collected by bank
____ 6. Deposit made for $70, but $700 recorded in books
____ 7. Bank check-printing charge
____ 8. Check written for $52, but $25 recorded in books
____ 9. Deposits in transit
____ 10. Bank fee for collection on note receivable
Correct Answer:

Verified
1. C
2. B
3. C
4. D
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Correct Answer:
Verified
2. B
3. C
4. D
...
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