Bank fee and interest found in a bank reconciliation

Transaction

While preparing the monthly bank reconciliation, a company finds two items on the bank statement that are not in its books: a service charge of $35.00 and interest of $16.00 earned on the account.

Assumptions: No tax is withheld on the interest.

Accounts

Tap an account, then choose Debit or Credit and type the amount. × removes a line.

Debit

No lines yet. Choose an account above.

Credit

No lines yet. Choose an account above.

Debits $0.00Credits $0.00