Northern company is preparing a cash budget for june. the company has $12,000 cash at the beginning of juneand anticipates $30,000 in cash receipts and $34,500 in cash disbursements during june. northern company hasan agreement with its bank to maintain a cash balance of at least $10,000. as of may 31, the company owes$15,000 to the bank. to maintain the $10,000 required balance, during june the company must: a) borrow $ 4,500.b) borrow $ 2,500.c) borrow $10,000.d) repay $ 7,500.e) repay $ 2,500.

The following items could appear on a bank reconciliation: a. outstanding checks, $670. b. deposits in transit, $1,500. c. nsf check from customer, no. 548, for $175. d. bank collection of note receivable of $800, and interest of $80. e. interest earned on bank balance, $20. f. service charge, $10. g. the business credited cash for $200. the correct amount was $2,000. h. the bank incorrectly decreased the business's by $350 for a check written by another business. classify each item as (1) an addition to the book balance, (2) a subtraction from the book balance, (3) an addition to the bank balance, or (4) a subtraction from the bank balance.