Identify each of the following reconciling items as: An addition to the cash balance according to the bank statement. A deduction from the cash balance according to the bank statement. An addition to the cash balance according to the company's records. A deduction from the cash balance according to the company's records. Assume that none of the transactions reported by bank debit and credit memos have been recorded by the company. Write "entry" by items that will require a journal entry in the company's accounts. 1. Deposits in transit. An addition to the cash balance according to the bank statement. 2. Bank service charges. A deduction from the cash balance according to the company's records (entry). 3. NSF check. A deduction from the cash balance according to the company's records (entry). 4. Outstanding checks. A deduction from the cash balance according to the bank statement. 5. Check for $690 incorrectly recorded by the company as $960. An addition to the cash balance according to the bank statement. 6. Check for $420 incorrectly recorded by the company as $240.

Explanation:

1. Deposits in transit. An addition to the cash balance according to the bank statement.

2. Bank service charges. A deduction from the cash balance according to the company's records (entry).

3. NSF check. A deduction from the cash balance according to the company's records (entry).

4. Outstanding checks. A deduction from the cash balance according to the bank statement.

5. Check for $690 incorrectly recorded by the company as $960. An addition to the cash balance according to the bank statement. (Entry)

6. Check for $420 incorrectly recorded by the company as $240. A deduction from the cash balance according to the company's records.(entry)

in 2001, dell computer became the world’s largest personal computer vendor, continuing to

gain market share and post profits in an industry struggling with slumping sales and billions of

dollars in losses. dell sells 90% of its pcs directly to the final customer, largely bypassing the

reseller channel that accounts for most of the world’s pc sales. this direct customer relationship

is the key to dell’s business model, and provides distinct advantages over the indirect sales

model. dell’s direct relationship with the customer allows it to tailor its offerings to customer

needs, offer add-on products and services, and use the internet to offer a variety of customer

services. in addition, dell’s pcs are built to customers’ specifications upon receipt of an order,

giving dell additional advantages over indirect pc vendors who must try to forecast demand and

ship products based on those forecasts. dell’s direct sales and build-to-order model has achieved

superior performance in the pc industry in terms of inventory turnover, reduced overhead, cash

conversion, and return on investment (kraemer, et al., 2000).

explanation: