From the starting date of your bank statement check

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From the starting date of your bank statement, check off all matching deposits, checks, and debits. 3. From the transactions that are remaining determine what they are: a. Deposits in Transit: Deposits you’ve made that haven’t appeared on your bank statement yet b. Bank Fees: Fees issued by your bank c. Bank Issued Interest: Interest given to you by your bank on any investments or savings accounts. d. Outstanding Checks: Checks and charges made by you that haven’t appeared on your bank statement yet e. Errors: Errors can be either yours or the bank’s. For example, you wrote a check for $123, but recorded the transaction as $132. Or, the bank charged you with a transaction you never made, a duplicate charge, or a charge for the wrong amount. 4. Once you identify the transactions here’s what you do with each: a. Deposits in Transit: Add deposit amounts to the balance of your bank statement b. Bank Fees: Make entries in checkbook for fees and deduct amounts from checkbook balance c. Bank Issued Interest: Make entries in checkbook for interest and add amounts to checkbook balance d. Outstanding Checks: Subtract check and debit amounts from bank statement balance (now changed by step a)
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e. Errors: Look carefully at the error. You will be required to add or subtract
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