The May Bank Statement for Accounting Services Shows a Balance

question 45

Multiple Choice

The May bank statement for Accounting Services shows a balance of $6300,but the balance per books shows a cash balance of $7,980.Other information includes:
1) A check for $200 to pay the electric bill was recorded on the books as $20.
2) Included on the bank statement was a note collected by the bank for $400 plus interest of $30.
3) Checks outstanding totaled $260.
4) Bank service charges were $50.
5) Deposits in transit were $2,140.
-According to the above Scenario.Which item should be added to the company's book balance during the bank reconciliation?

• A)Deposit in transit
• B)Check outstanding
• C)Bank service charge
• D)Note collected by the bank

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