The following reconciling items are applicable to the bank reconciliation for the Spahn Company. Select whether each of the following items would be added to the book balance, deducted from the book balance, added to the bank balance, or deducted from the bank balance. a.   Outstanding checks.                                                              Added to the Book BalanceAdded to the Bank BalanceDeducted from the Book BalanceDeducted from the Bank Balance b.   Bank credit memorandum for collecting a note for the depositor.                                                              Deducted from the Bank BalanceAdded to the Bank BalanceAdded to the Book BalanceDeducted from the Book Balance c.   Bank debit memorandum for service charge.                                                              Added to the Bank BalanceDeducted from the Book BalanceDeducted from the Bank BalanceAdded to the Book Balance d.   Deposit in transit.                                                              Deducted from the Bank BalanceDeducted from the Book BalanceAdded to the Book BalanceAdded to the Bank Balance

In a bank reconciliation, to adjust for a customer's NSF check requires: reducing the bank balance by the amount increasing the bank balance by the amount reducing the book balance by the amount increasing the book balance by the amount

Which one of the following items requires an adjustment on the bank side of the bank​ reconciliation?         A. interest earned   B. a bank service charge   C. a note collected by the bank   D. deposits in transit

Match each item to a bank statement adjustment, a company books adjustment, or either.   Question 8 options:   NSF check   Bank charges   Outstanding checks   Error in recording a check   Interest revenue   Deposit in transit   Note collected by the bank   1. bank statement adjustment 2. company books adjustment 3. either

In the reconciliation of a bank statement, "deposits in transit" should be:a. added to the unadjusted book balanceb. subtracted from the unadjusted bank balancec. added to the unadjusted bank balanced. subtracted from the unadjusted bank balance

During a bank reconciliation process, Oa. outstanding checks and deposits in transit are subtracted from the bank statement balance Ob. outstanding checks are added and deposits in transit are subtracted from the bank statement balance Oc. outstanding checks and deposits in transit are added to the bank statement balance Od. outstanding checks are subtracted and deposits in transit are added to the bank statement balance

What item on the bank statement that may differ from the company's financial records.      NSF check      interest earned      outstanding checks      service charge

When journal entries for items in the Ledger Balance of Cash section of the bank reconciliation are made, the additions are: a.credited to the Capital account. b.debited to the Capital account. c.debited to the Cash account. d.credited to the Cash account.

Accompanying the bank statement was a debit memorandum for an NSF check received from a customer. This item would be included on the bank reconciliation as a(n) ____.

More info a. Outstanding checks, $670. b. Deposits in transit, $1,500. C. NSF check from customer, no. 548, for $175. d. Bank collection of note receivable of $800, and interest of $80. Interest earned on bank balance, $20. e. f. g. h. Service charge, $10. The business credited Cash for $200. The correct amount was $2,000. The bank incorrectly decreased the business's by $350 for a check written by another business. X