Question
Based on the following information,what account would be subtracted from the bank-balance side of a checking-account reconcilation?
Service charge $12,Outstanding checks $145,Interest $$ 3.50,Deposit in transit $80
a)$145
b)$12
c)$157
d)$148.50
IS C RIGHT ANSWER?THANK YOU:)))
d) $148.50
Service charge $12,Outstanding checks $145,Interest $$ 3.50,Deposit in transit $80
a)$145
b)$12
c)$157
d)$148.50
IS C RIGHT ANSWER?THANK YOU:)))
d) $148.50
Answers
Writeacher
I agree with you.
Interest is incoming; deposit in transit is not yet a fact for the bank.
Interest is incoming; deposit in transit is not yet a fact for the bank.