Mandy Is Conducting The Monthly Bank Reconciliation For Closet World Inc The Inf

Mandy is conducting the monthly bank reconciliation for Closet World, Inc. The information provided to her is as follows:

Bank’s ending balance = $11,130

Closet World’s ending balance = $11,700

Service charges = $80

Deposits in transit = $1,170

Interest paid = $30

Outstanding checks = $650

What is an example of something that Mandy will add to the bank’s ending balance in the bank reconciliation process?

a. Outstanding checks

b. Interest paid

c. Deposits in transit

d. Service charges

 

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