When preparing a bank reconciliation,interest earned on your checking account is added to the bank statement balance.

Name: When preparing a bank reconciliation,interest earned on your checking account is added to the bank statement balance.
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Quizplus · Accepted Answer

Interest earned on your checking account is added to the book balance, not the bank statement balance, because it is an amount that the bank has already included in its records but might not yet be recorded in the company's books.

When Preparing a Bank Reconciliation,interest Earned on Your Checking Account