choose the items below that would increase the depositors book balance on a bank reconciliation. deposit in…

choose the items below that would increase the depositors book balance on a bank reconciliation. deposit in transit note collected by the bank for the depositor interest earned on the depositors account monthly bank service charge nsf customer check monthly check charges assessed by the bank

choose the items below that would increase the depositors book balance on a bank reconciliation. deposit in transit note collected by the bank for the depositor interest earned on the depositors account monthly bank service charge nsf customer check monthly check charges assessed by the bank

Answer

Brief Explanations:

  • Deposit in transit is already recorded in the depositor's books and doesn't affect the book - balance adjustment for bank reconciliation.
  • A note collected by the bank for the depositor means additional funds not yet recorded in the depositor's books, increasing the book balance.
  • Interest earned on the account is income for the depositor that may not be recorded yet, increasing the book balance.
  • Monthly bank service charge reduces the book balance.
  • NSF (Non - Sufficient Funds) customer check means a previously recorded deposit is now invalid and reduces the book balance.
  • Monthly check charges assessed by the bank reduce the book balance.

Answer:

  • Note collected by the bank for the depositor
  • Interest earned on the depositor's account