In a bank reconciliation, to adjust for the bank's deducting $980 for acompany check that you wrote and booked for $890 requires:O reducing the bank balance by $90O reducing the book balance by $90increasing the bank balance by $90O increasing the book balance by $90 Your company writes a check for $123 but records it as $132. To adjustfor this in a bank reconciliation, you would:reduce the book balance by $9O reduce the bank balance by $9O increase the bank balance by $9O increase the book balance by $9

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In a bank reconciliation, to adjust for the bank's deducting $980 for a company check that you wrote and booked for $890 requires: reducing the bank balance by $90 O reducing the book balance by $90 O increasing the bank balance by $90 increasing the book balance by $90

In a bank reconciliation, to adjust for the bank's deducting $980 for a company check that you wrote and booked for $890 requires: reducing the bank balance by $90 O reducing the book balance by $90 O increasing the bank balance by $90 increasing the book balance by $90

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

In a bank reconciliation, to adjust for the bank's deducting $980 for a
company check that you wrote and booked for $890 requires:
O reducing the bank balance by $90
O reducing the book balance by $90
increasing the bank balance by $90
O increasing the book balance by $90

Your company writes a check for $123 but records it as $132. To adjust
for this in a bank reconciliation, you would:
reduce the book balance by $9
O reduce the bank balance by $9
O increase the bank balance by $9
O increase the book balance by $9

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