Upon review of the most recent bank statement, you discover that a check was made out to your supplier for $76 butwas recorded in your Cash and Accounts Payable accountsas $67. Which of the following describes the actions to betaken when preparing your bank reconciliation?Balance per Bank Balance per Booka. Decrease No changeb. Increase Decreasec. No change Decreased. Decrease Increase
Upon review of the most recent bank statement, you discover that a check was made out to your supplier for $76 butwas recorded in your Cash and Accounts Payable accountsas $67. Which of the following describes the actions to betaken when preparing your bank reconciliation?Balance per Bank Balance per Booka. Decrease No changeb. Increase Decreasec. No change Decreased. Decrease Increase
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Upon review of the most recent bank statement, you discover that a check was made out to your supplier for $76 but
was recorded in your Cash and Accounts Payable accounts
as $67. Which of the following describes the actions to be
taken when preparing your bank reconciliation?
Balance per Bank Balance per Book
a. Decrease No change
b. Increase Decrease
c. No change Decrease
d. Decrease Increase
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