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Business, 21.03.2020 03:06 DSUDLER5555

Identify each of the following reconciling items as one of the below options:

a) An addition to the cash balance according to the bank statement.
b) Deduction from the cash balance according to the bank statement.
c) An addition to the cash balance according to the company's records.
d) A deduction from the cash balance according to the company's records.

Assume that none of the transactions reported by bank debit and credit memos have been recorded by the company.

1. Check for $690 incorrectly recorded by the company as $960.
2. Check for $420 incorrectly recorded by the company as $240.
3. Outstanding checks.
4. Deposits in transit.
5. Bank service charges.
6. NSF check.

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Identify each of the following reconciling items as one of the below options:

a) An addi...
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