Question: Dance Town Academy The items listed below were identified while preparing a bank reconciliation for the company's checking account as of March 31. Cash balance
Dance Town Academy The items listed below were identified while preparing a bank reconciliation for the company's checking account as of March 31.
| Cash balance according to the general ledger | ? |
| Bank statement balance | $18,500 |
| Outstanding checks | 2,700 |
| Customer's bounced check | 350 |
| Bank service charges | 100 |
| Deposits in transit | 1,000 |
| Interest earned on the checking account | 60 |
Refer to Dance Town Academy. How will the bank services charges be handled on a bank reconciliation?
a.subtract from the balance from the company records
b.add to the balance from the company records
c.subtract from the bank statement balance
d.add to the bank statement balance
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