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2 June, 03:38

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 to the amount of activity on your business account the monthly service charge is $75. During a bank reconciliation, you will

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  1. 2 June, 03:52
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    B. Subtract both values from balance according to books.

    Explanation:

    There is an option below the question ask for details

    The NSF and service charges are recorded in the bank statement and to balance it should be recorded in books as well. So these two items would be deducted from the books so the book balance will be got reduced

    As bank reconciliation means the balance of bank and the balance of cash should be equal and balanced
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Home » Business » 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.
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