Bank Reconciliation Procedures Select whether the action at the left will result in an addition to (+) or subtraction from (–) the ending bank balance or the ending checkbook balance. 1. Deposits in transit to the bank 2. Error in checkbook: check recorded as $32 but was actually for $23 3. Service fee charged by bank 4. Outstanding checks 5. NSF check deposited earlier 6. Error in checkbook: check recorded as $22 but was actually for $220 7. Bank credit memo advising a note was collected for us

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andromache andromache · Answer 1 · 2019-10-03T07:12:45+02:00

Answer:

Explanation:

1. Deposits in transit to the bank - This transaction is added to the ending bank balance.

2. Error in checkbook: check recorded as $32 but was actually for $23 - This transaction is added to the ending checkbook balance.

3. The service fee charged by a bank - This transaction is subtracted to the ending checkbook balance.

4. Outstanding checks - This transaction is subtracted to the ending bank balance.

5. NSF check deposited earlier - This transaction is subtracted to the ending checkbook balance.

6. Error in checkbook: check recorded as $22 but was actually for $220 - This transaction is subtracted to the ending checkbook balance.

7. Bank credit memo advising a note was collected for us - This transaction is added to the ending checkbook balance.