If a check correctly written and paid by the bank for $744 is incorrectly recorded on the company's books for $743, the appropriate treatment on the bank reconciliation would be to Select one: a. deduct $724 from the bank's balance. b. add $18 to the bank's balance. c. deduct $724 from the book's balance d. The answer does not exist e. add $18 to the book's balance.
If a check correctly written and paid by the bank for $744 is incorrectly recorded on the company's books for $743, the appropriate treatment on the bank reconciliation would be to Select one: a. deduct $724 from the bank's balance. b. add $18 to the bank's balance. c. deduct $724 from the book's balance d. The answer does not exist e. add $18 to the book's balance.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
![If a check correctly written and paid by the bank for $744 is incorrectly recorded on the company's
books for $743, the appropriate treatment on the bank reconciliation would be to
Select one:
on
a. deduct $724 from the bank's balance.
b. add $18 to the bank's balance,
c. deduct $724 from the book's balance
d. The answer does not exist
e. add $18 to the book's balance.
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Transcribed Image Text:If a check correctly written and paid by the bank for $744 is incorrectly recorded on the company's
books for $743, the appropriate treatment on the bank reconciliation would be to
Select one:
on
a. deduct $724 from the bank's balance.
b. add $18 to the bank's balance,
c. deduct $724 from the book's balance
d. The answer does not exist
e. add $18 to the book's balance.
Previous page
Next page
IBA
F1
F2
F3
F4
F5
F6
F7
F8
F9
F10
F11
PRTSC
SYSRC
F12
图
23
24
4
%
*
2
6.
V
8
HOME
PGUP
W
Y !
ق
i
J
K
END
PGDN
V
YNi
INS
B
C.
D.
E.
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