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Which would be subtracted from the balance per bank

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Reference no: EM132959045

Problem 1: Which of the following would be subtracted from the balance per books on a bank reconciliation?

Option 1: outstanding checks

Option 2: deposits in transit

Option 3: notes collected by the bank

Option 4: error in recording a check for $732 as $723

Problem 2: Which of the following would be subtracted from the balance per bank on a bank reconciliation?

Option 1: outstanding checks

Option 2: deposits in transit

Option 3: notes collected by the bank

Option 4: service charges

Reference no: EM132959045

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