1. Classify the following items as (a) an addition to the bank balance, (b) a subtraction from the bank balance, (c) an addition to the book balance, or (d) a subtraction from the book balance: $20 in service charges A $300 check deposited that was returned NSF An outstanding check that you wrote for $2,000 A deposit in transit of $5,500 Bank Error: the bank credited your account for a deposit made by another customer2. During 2011, Jimmy Enterprises completed the following transactions:a. Sales revenue on account, $550,000.b. Collections on account, $325,000c. Write-offs of uncollectibles, $13,000d. Uncollectible account expense, 5% of sales revenueRequired:1. Prepare the journal entries for the above transactions.