Which of the following items would be added to the book balance on a bank reconciliation?

Question

Quizplus · Accepted Answer

Interest paid by the bank is a transaction that would be recorded by the bank, but not yet recorded in the company's accounting records. Therefore, it would be added to the book balance on a bank reconciliation. Outstanding checks and deposits in transit, on the other hand, are already recorded in the accounting records and would be adjusted on the bank reconciliation to show the true cash balance. The check written for $96 entered as $69 in the accounting records would be adjusted on the bank reconciliation by adding the $27 difference to the outstanding checks.

Which of the Following Items Would Be Added to the Book