Match
Latahmer Corporation is reconciling its May bank account. For each item listed, state how it would be handled on the bank reconciliation.
-Interest earned on the checking account for May
A)Addition to bank balance
B)Subtraction from bank balance
C)Addition to book balance
D)Subtraction from book balance
E)Would not appear on the May reconciliation

Question

Quizplus · Accepted Answer

Interest earned on the checking account is an addition to the book balance because it increases the company's cash balance as recorded in its books.

Match Latahmer Corporation Is Reconciling Its May Bank Account. for Each