Sparrow Corporation The items listed below were identified while preparing a bank reconciliation for the checking account of Sparrow Corporation as of March 31, 2012. Sparrow's balance according to the general ledger ? Bank statement balance $18,500 Outstanding checks 2,700 A customer's NSF check returned by the bank 350 Bank service charges 100 Deposits in transit 1,000 Interest earned on the
checking account 60 Refer to the information presented for Sparrow Corporation. How will the interest earned on the checking account be handled within a bank reconciliation?
A) Add to the balance from the company records
B) Subtract from the balance from the company records
C) Add to the bank statement balance
D) Subtract from the bank statement balance
A
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