Based on the following information,what amount would be subtracted from the bank statement side of the bank reconciliation? ATM withdrawal $20; Outstanding checks $154; Interest $1.25; Deposit in transit $75.

Question

Quizplus · Accepted Answer

Outstanding checks of $154 would be subtracted from the bank statement side of the bank reconciliation because they have been recorded by the company but not yet processed by the bank.

Based on the Following Information,what Amount Would Be Subtracted from the Bank