The items listed below were identified while preparing a bank reconciliation for the company's checking...
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Accounting
The items listed below were identified while preparing a bank reconciliation for the company's checking account as of March 31 Cash balance according to the general ledger Bank statement balance $18,500 Outstanding checks Customer's bounced check 2,700 350 Bank service charges 100 Deposits in transit 1,000 Interest earned on the checking account 60 How will the customer's bounced checks be handled on a bank reconciliation? a. add to the balance from the company records b. add to the bank statement balance c. subtract from the bank statement balance Od. subtract from the balance from the company records
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