Identify each of the following reconciling items as: (a) an addition to the cash balance according to the bank statement, (b) a deduction from the cash balance according to the bank statement, (c) an addition to the cash balance according to the company's records, or (d) a deduction from the cash balance according to the company's records. (None of the transactions reported by bank debit and credit memos have been recorded by the company.)
- Bank service charges, $36.
- Check drawn by company for $375 but incorrectly recorded by company as $735.
- Check for $50 incorrectly charged by bank as $500.
- Check of a customer returned by bank to company because of insufficient funds, $1,200.
- Deposit in transit, $12,375.
- Outstanding checks, $14,770.
- Note collected by bank, $10,600.