The Dinho Corporation identified the following data when preparing their April bank reconciliation:
In addition, Dinho incorrectly recorded a deposit in its books in the amount of $1,000. The correct amount was recorded by the bank as $1,200. What is the net amount of the adjustment to Dinho's cash balance as a result of the bank reconciliation?
A) $1,675 increase
B) $1,700 increase
C) $1,675 decrease
D) $1,475 decrease
Correct Answer:
Verified
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