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 bank services charges be handled within a bank reconciliation?

Question

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 bank services charges be handled within a bank reconciliation?

Quizplus · Accepted Answer

Bank service charges are subtracted from the balance in the company's records during a bank reconciliation because they represent expenses that reduce the company's cash balance.

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