1. Summary of Bank Reconciling Items
Step 1 – Bank Statement - Focus on Bank Statement ending balance first
ADD
Deposits in transit
Certain bank errors
SUBTRACT
Outstanding checks
Step 2 – Book Side GL Cash Account - Focus on Book GL Cash Balance ending balance second
Bank collections
Interest revenue
EFT receipts
Certain book errors
Service charges
NSF checks
EFT payments
Step 3 – Journal Entries
Step 4 - Balance

4. Any errors – assume bank statement is correct

6. Correcting the error includes which of the following: A
Correcting the error includes which of the following: A.) Debit to cash for $2,600, B.) Credit to cash for $2,900, C.) Debit to cash for $300, or D.) Credit to cash for $300.
Check-in #1: Correcting the error includes which of the following: A.) Debit to cash for $2,600, B.) Credit to cash for $2,900, C.) Debit to cash for $300, or D.) Credit to cash for $300.

8. Bank
Book