Deal Corp. prepares monthly bank reconciliations of its checking account balance. The bank statement for December 2019 indicated the following: The correct amount of check # 267 is $340, but it was recorded as a cash disbursement of $430. The check was issued to pay for merchandise purchased. The check was written correctly and appeared on the bank statement correctly.

Question

Deal Corp. prepares monthly bank reconciliations of its checking account balance. The bank statement for December 2019 indicated the following:  The correct amount of check # 267 is $340, but it was recorded as a cash disbursement of $430. The check was issued to pay for merchandise purchased. The check was written correctly and appeared on the bank statement correctly.

Quizplus · Accepted Answer

The Answer of Deal Corp. prepares monthly bank reconciliations of its checking account balance. The bank statement for December 2019 indicated the following:  The correct amount of check # 267 is $340, but it was recorded as a cash disbursement of $430. The check was issued to pay for merchandise purchased. The check was written correctly and appeared on the bank statement correctly.

Deal Corp Prepares Monthly Bank Reconciliations of Its Checking Account Balance