question archive To reconcile the bank statement, which of the following amounts would be added to the checkbook balance? a
To reconcile the bank statement, which of the following amounts would be added to the checkbook balance? a
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To reconcile the bank statement, which of the following amounts would be added to the checkbook balance?
a. amounts collected by the bank for the depositor's account
b. service charge
c. outstanding checks
d. deposits in transit
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d. deposits in transit
Step-by-step explanation
Deposits in transit are amounts that are received and recorded by the business but are not yet recorded by the bank. They must be added to the bank statement. Outstanding checks are those that have been written and recorded in cash account of the business but have not yet cleared the bank account.
