Indicate Whether Each of the Following Should Be (A) Added

question 28

Short Answer

Indicate whether each of the following should be (A) added to the bank statement balance, (B) subtracted from the bank statement balance, (C) added to the checkbook balance, or (D) subtracted from the checkbook when computing the reconciled balance.
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a.Deposit in transit to the bank
b.Bank service charge
c.Outstanding checks
d.Interest on the account
e.Error in checkbook: $20 variance due to a check for $55 being recorded as $35

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Definitions:

Remote-Controlled Carts

Wheeled conveyances operated from a distance using electronic remote control, often utilized for carrying goods or performing specific tasks.

Offshore Assembly Plants

Factories located in another country than where the finished product is sold, used by companies to reduce production costs.

Low Wages

Earnings that are minimal in comparison to the average or median wage levels within a specific area or industry.