how-should-a-service-charge-of-50-be-accounted-for-in-the-book-balance

Question

How should a service charge of $50 be accounted for in the book balance?

Accepted Answer

Subtract $50 from the book balance.

Answer

Add $50 to the book balance.

Answer

Add $50 to the bank balance.

Answer

Subtract $50 from the bank balance.

How should a service charge of \$50 be accounted for in the book balance?