Please answer the following questions Thank You 1 BANK RECON

Please answer the following questions! Thank You

1. BANK RECONCILIATION MATCHING A B C D Add to cash balance per books Deduct from cash balance per books Add to cash balance per bank Deduct from cash balance per bank Outstanding checks. Bank service charge. 320 correctly written and paid by the bank but incorrectly entered in the company\'s journal for $230 Deposit in transit. Bank retums deposited check marked NS Bank collects notes receivable and interest Bank charge for check printing Bank charged a check against the company which should have been charged to another company A check for $158 was correctly paid by the bank but was incorrectly entered in the l for $185 2. Bell Food Store developed the following information in recording its bank statement for the month of March. Balance per books March 31 Balance per bank statement March 31 $10,900 () Checks written but still outstanding $10,100. (2) Deposits of March 30 and 31 not yet recorded by bank $5,200. (3) NSF check of customer retumed by bank $1,200. (4) Check No. 210 for $593 was correctly issued and paid by bank but incorrectly recorded by the company in the journal as payment on account for S539. (5) Bank service charge for March was $50 (6) The company\'s bookkeeper incorrectly entered a payment in the journal for $824, when Check No. 318 was correctly prepared for $284. The check cleared the bank in March and was for utilities. (7) The bank collected a note receivable for the company for S3,000 plus $100 interest

Solution

As per policy, only one question is allowed to answer at a time, so answering Q1 :

1)
D	Outstanding checks
B	Bank service charge
B	Check of $320 --- for $230.
C	Deposit in transit
B	bank returns---NSF
A	Bank collects--- and interest
B	Bank charge---- fees.
C	bank charged a --- another company.
A	A check for $158 --- for $185