The bank statement lists a deposit of $675 which correctly reflects that cash deposit and the deposit slip receipt. The deposit was incorrectly journalized and posted by the company's bookkeeper for $567. What adjustment is required as part of the bank reconciliation process? OA Add to book balance OB. Subtract from the bank balance OC. Subtract from book balance OD. Add to the bank balance
The bank statement lists a deposit of $675 which correctly reflects that cash deposit and the deposit slip receipt. The deposit was incorrectly journalized and posted by the company's bookkeeper for $567. What adjustment is required as part of the bank reconciliation process? OA Add to book balance OB. Subtract from the bank balance OC. Subtract from book balance OD. Add to the bank balance
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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