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Indicate what effect each situation will have on the bank reconciliation process. Place t

 Indicate what effect each situation will have on the bank reconciliation process. Place the number of your choice beside the items listed.

1. Add to bank balance

2. Deduct from bank balance

3. Add to chequebook balance

4. Deduct from chequebook balance

________  a. Deposit in transit

________  b. Bank service charge

________  c. NSF cheque

________  d. Cheque written for $85 recorded as $58

________  e. Outstanding cheques

________  f. Cheque written for $80 recorded as $800

________  g. Cheque printing charges

________  h. Interest earned on chequing account

Dec 06 2019 View more View Less

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