Check No. 450, a payment of $45 for the telephone bill, was incorrectly entered on the check stub as $54. Which of the following adjustments needs to be made?
A) increase the bank statement balance
B) increase the book balance
C) decrease the bank statement balance
D) decrease the book balance
Correct Answer:
Verified
Q68: In reconciling a bank statement, the bank
Q71: The check written to establish the petty
Q73: The petty cash payments record indicates classified
Q104: Match the terms with the definitions.
-The bank
Q105: Match the terms with the definitions.
-Deposits that
Q107: Match the terms with the definitions.
-A process
Q114: Match the terms with the definitions.
-A statement
Q115: Match the terms with the definitions.
-The depositor's
Q119: Match the terms with the definitions.
-The person
Q120: Match the terms with the definitions.
-A fund
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents