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Rex's Auto Has a Checking Account That Earns Interest

Question 62

Multiple Choice

Rex's Auto has a checking account that earns interest.The current bank statement shows interest earned of $11.27.This amount should be:


A) added to Rex's book balance.
B) subtracted from Rex's book balance.
C) ignored,as the bank has added it to Rex's book balance.
D) subtracted from the bank balance.

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