Dance Town Academy The items listed below were identified while preparing a bank reconciliation for the company's checking account as of March Cash balance according to the general ledger Bank statement balance $18,500 Outstanding checks 2,700 Customer's bounced check 350 Bank service charges 100 Deposits in transit 1,000 Interest earned on the checking account 60 Refer to Dance Town Academy. How will the interest earned on the checking account be handled on a bank reconciliation? Oa. subtract from the bank statement balance Ob. add to the bank statement balance Oc. subtract from the balance from the company records Od. add to the balance from the company records

Dance Town Academy The items listed below were identified while preparing a bank reconciliation for the company's checking account as of March Cash balance according to the general ledger Bank statement balance $18,500 Outstanding checks 2,700 Customer's bounced check 350 Bank service charges 100 Deposits in transit 1,000 Interest earned on the checking account 60 Refer to Dance Town Academy. How will the interest earned on the checking account be handled on a bank reconciliation? Oa. subtract from the bank statement balance Ob. add to the bank statement balance Oc. subtract from the balance from the company records Od. add to the balance from the company records

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter7: Accounting For Cash

Section: Chapter Questions

Problem 2CE

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