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Leo's Leather Shoppe Has a Checking Account That Earns Interest

Question 28

Multiple Choice

Leo's Leather Shoppe has a checking account that earns interest. The current bank statement shows interest earned of $22.14. This amount should be:


A) added to Leo's book balance.
B) subtracted from Leo's book balance.
C) ignored, as the bank has added it to Leo's book balance.
D) subtracted from Leo's bank balance.

Correct Answer:

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