Sparrow Corporation The Items Listed Below Were Identified While Preparing a Bank

question 36

Multiple Choice

Sparrow Corporation
The items listed below were identified while preparing a bank reconciliation for the checking account of Sparrow Corporation as of March 31, 2012.

- Refer to the information presented for Sparrow Corporation. How will the interest earned on the checking account be handled within a bank reconciliation?

• A) Add to the balance from the company records
• B) Subtract from the balance from the company records
• C) Add to the bank statement balance
• D) Subtract from the bank statement balance