Based on the following information, what amount would be subtracted from the bank balance side of a checking account reconciliation? Service charge $12, Outstanding checks $145, Interest $3.50, Deposit in transit $80

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Mathematics

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9 March, 05:55

Based on the following information, what amount would be subtracted from the bank balance side of a checking account reconciliation? Service charge $12, Outstanding checks $145, Interest $3.50, Deposit in transit $80

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Aliya Logan · Answer 1

The amount to be subtracted from the account reconciliation is the service charge of $12

The other three amounts is to be added to the balance of the account since they are income by nature; deposit, cheque and interest