Question: A check drawn by a company for $340 in payment of liability was recorded in the journal as $430. This item would be included on the bank reconciliation as a(n)? a. addition to the balance per the company's records. b. addition to the balance per the bank statement. c. deduction from the balance per the bank statement. d. deduction from the balance per the company's records.
Question: A check drawn by a company for $340 in payment of liability was recorded in the journal as $430. This item would be included on the bank reconciliation as a(n)? a. addition to the balance per the company's records. b. addition to the balance per the bank statement. c. deduction from the balance per the bank statement. d. deduction from the balance per the company's records.
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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![Question:
A check drawn by a company for $340 in payment of liability was recorded in the
journal as $430. This item would be included on the bank reconciliation as a(n)?
a. addition to the balance per the company's records.
b. addition to the balance per the bank statement.
c. deduction from the balance per the bank statement.
d. deduction from the balance per the company's records.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fe3ed38da-fde8-4ba2-b046-29e02452c37f%2F8264bb36-e485-4213-a65c-c44efc0ddab1%2Fsewetkc_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Question:
A check drawn by a company for $340 in payment of liability was recorded in the
journal as $430. This item would be included on the bank reconciliation as a(n)?
a. addition to the balance per the company's records.
b. addition to the balance per the bank statement.
c. deduction from the balance per the bank statement.
d. deduction from the balance per the company's records.
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