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During the month of July, Clanton Industries Issued a check in the amount of $923 to a supplier on account. The check did not clear the bank during July. In preparing the July 31 bank reconciliation, the company should: Multiple Choice Add the check amount to the bank balance. O Make a journal entry in the company records for an error. Add the check amount to the book balance of cash. O Deduct the check amount from the bank balance. 0. Deduct the check amount from the book balance of cash.

During the month of July, Clanton Industries Issued a check in the amount of $923 to a supplier on account. The check did not clear the bank during July. In preparing the July 31 bank reconciliation, the company should: Multiple Choice Add the check amount to the bank balance. O Make a journal entry in the company records for an error. Add the check amount to the book balance of cash. O Deduct the check amount from the bank balance. 0. Deduct the check amount from the book balance of cash.

Survey of Accounting (Accounting I)
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter5: Internal Control And Cash
Section: Chapter Questions
Problem 2SEQ
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During the month of July, Clanton Industries Issued a check in the amount of $923 to a supplier on account. The check did not clear the bank during July. In preparing the July 31 bank reconciliation, the company should: Multiple Choice Add the check amount to the bank balance. O Make a journal entry in the company records for an error. Add the check amount to the book balance of cash. O Deduct the check amount from the bank balance. 0. Deduct the check amount from the book balance of cash.
Transcribed Image Text:During the month of July, Clanton Industries Issued a check in the amount of $923 to a supplier on account. The check did not clear the bank during July. In preparing the July 31 bank reconciliation, the company should: Multiple Choice Add the check amount to the bank balance. O Make a journal entry in the company records for an error. Add the check amount to the book balance of cash. O Deduct the check amount from the bank balance. 0. Deduct the check amount from the book balance of cash.
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