Dance Town Academy the Items Listed Below Were Identified While

question 114

Multiple Choice

Dance Town Academy The items listed below were identified while preparing a bank reconciliation for the company's checking account as of March 31,2013.
$\begin{array}{ll}\text { Cash balance according to the general ledger } & ? \\\text { Bank statement balance } & \$ 18,500 \\\text { Outstanding checks } & 2,700 \\\text { Customer's bounced check } & 350 \\\text { Bank service charges } & 100 \\\text { Deposits in transit } & 1,000 \\\text { Interest earned on the checking account } & 60\end{array}$
-Refer to Dance Town Academy.How will the outstanding checks be handled on 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

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