First Bank charged Team Shirts $100 in services charges for September.On the bank reconciliation,the $100 should be ________.

Question

Quizplus · Accepted Answer

The $100 service charge was already subtracted from Team Shirts' account by the bank, thus reducing the balance per bank statement. Therefore, it needs to be deducted from the balance per books (Team Shirts' own records) to reconcile the discrepancy between the two balances.

First Bank Charged Team Shirts $100 in Services Charges for September.On