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Below are several items discovered when you were reconciling the bank statement of the Sharp...

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Accounting

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Below are several items discovered when you were reconciling the bank statement of the Sharp Company to determine the correct cash balance. Using the codes listed below, indicate how each item should be treated on the bank reconciliation Codes A Add to the bank statement balance B Add to the book balance C Subtract from the bank statement balance D Subtract from the book balance E Exclude from the bank reconciliation Items 1. NSF check written by Disher Company (a Sharp Company customer) for $115 2. Deposits in transit $73 3. Bank had inadvertently deducted $95 for a check written by Ship Company 4. Proceeds from a $2,000 note receivable collected by the bank plus $44 interest 5. Sharp's bookkeeper had entered a $75 check in the cash disbursements journal as $57. The check cleared the bank at $75

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