Author Question: In the normal operation of business, you receive a check from a customer and deposit it into your ... (Read 47 times)

SO00 · **on:** Jul 5, 2018

In the normal operation of business, you receive a check from a customer and deposit it into your checking account.With your bank statement you are advised that this check for 775 is NSF.. The bank also informs you that due tothe amount of activity on your business account the monthly service charge is 75 . During a bank reconciliation,you will
a. subtract both values from balance according to bank
b. add both values to balance according to books
c. add both values to balance according to bank
d. subtract both values from balance according to books

Question 2

Retained earnings is the amount owners have invested in a corporation.

Indicate whether the statement is true or false