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