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19. Marlon, Inc., reported a balance of $143 in its cash account at the end of the month. There were $120 of deposits in transit
19. Marlon, Inc., reported a balance of $143 in its cash account at the end of the month. There were $120 of deposits in transit and $115 of checks outstanding. The bank statement showed a balance of $150, service charges of$6, and the collection of a note plus interest. The note had a face value of $15. How much interest did the bank collect for the company? a. $18 b. 3 C. $24 d. $12
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