Jayne is reviewing her June 30 bank statement and notices an entry for $32 regarding monthly interest.

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Jayne is reviewing her June 30 bank statement and notices an entry for $32 regarding monthly interest. Jayne is not sure if she should include this in her bank reconciliation or not. If it is included, then she believes it should be in the bank section of the reconciliation because it is on the bank statement. Explain to Jayne how to handle this item.
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Accounting Principles Part 1

ISBN: 978-1118306789

6th Canadian edition

Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Kinnear, Joan E. Barlow

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