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QUESTION 11/16 The bank statement ending balance is $45 lower than the general ledger bank balance. On the bank statement, there is a line item
QUESTION 11/16 The bank statement ending balance is $45 lower than the general ledger bank balance. On the bank statement, there is a line item for bank charges and fees of $45. How should the adjustment be recorded in the general ledger? SELECT ONLY ONE Debit Bank Fees Expense $45 Credit Retained Earnings $45 Debit Bank Fees Expense $45 Credit Bank Account $45 Debit Bank Account $45 Credit Retained Earnings $45 Debit Retained Earnings $45 Credit Bank Account $45 Debit Bank Account $45 Credit Bank Fees Expense $45
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