Coaster’s Co. earns 2% interest on their checking account. On the last bank statement, the bank only credited Coaster’s with 1% interest. Coaster’s called the bank about the error and the bank added another 1% interest to Coaster’s account. How would this be adjusted in the bank reconciliation?     Subtract from company records (book side)     Add to company records (book side)     Subtract from bank statement (bank side)     Add to bank statement (bank side)

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Bank Reconciliation Statement

As a commerce student, we all know that every business has to maintain a cash book to maintain all his cash and bank transactions. A cash book is a book which has two columns, one cash column and one bank column.