Question
On October 31, 2015, your company's records say that the company has $19809.33 in its checking account. A review of the bank statement shows you
On October 31, 2015, your company's records say that the company has $19809.33 in its checking account. A review of the bank statement shows you have three outstanding checks totaling $8409.29, and the bank has paid you interest of $24.84 and charged you $20.00 in service charges. The bank statement dated October 31, 2015 would report a balance of..
I checked some other similiar questions online and for some reason they added interest and subtratcted service charges? Why would you do those things if youre trying to reconcile a bank statement? Wouldnt you only do thise things if you were tryig to reconcile a book?
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