The hank erroneously charged Tropical Services account for $450.50 for a check that was cor- rectly written and recorded by Tropical Services as $540.50. To reconcile the bank account of Tropical Services at the end of the month, you would: A. add $90 to the cash balance according to the bank statement. B. add $90 to the cash balance according to Tropical Services' records. C deduct $90 from the cash balance accord- ing to the bank statement. D. deduct $90 from the cash balance accord- ing to Tropical Services' records.
The hank erroneously charged Tropical Services account for $450.50 for a check that was cor- rectly written and recorded by Tropical Services as $540.50. To reconcile the bank account of Tropical Services at the end of the month, you would: A. add $90 to the cash balance according to the bank statement. B. add $90 to the cash balance according to Tropical Services' records. C deduct $90 from the cash balance accord- ing to the bank statement. D. deduct $90 from the cash balance accord- ing to Tropical Services' records.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The bank erroneously charged tropical services account for dollar 45050 for a check that was correctly |
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