Restaurant
Bank Reconciliation — Interest Earned
Adjusting the general ledger for interest income shown on the monthly bank statement.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Cash in Bank | Asset (+) | 12.50 | - |
| Interest Income | Revenue (+) | - | 12.50 |
💡 Accountant's Note
Interest earned is typically discovered during the monthly bank reconciliation. This 'book-side' adjustment ensures the GL matches the actual bank balance.
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