Asked by vedrana

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

Answers

Answered by Writeacher
I agree with you.

Interest is incoming; deposit in transit is not yet a fact for the bank.
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