If a check correctly written and paid by the bank for $537 is incorrectly recorded on the company's books for $573, the appropriate treatment on the bank reconciliation would be to
A) add $36 to the bank's balance.
B) add $36 to the book's balance.
C) deduct $36 from the bank's balance.
D) deduct $537 from the book's balance.
Correct Answer:
Verified
Q105: A deposit made by a company will
Q106: On a bank reconciliation deposits in transit
Q110: Deposits in transit
A) have been recorded on
Q120: A company maintains the asset account, Cash
Q121: Bank errors
A) occur because of time lags.
B)
Q122: In the month of November, Coler Company
Q123: An adjusting entry is not required for
A)
Q126: Fairly Company gathered the following reconciling
Q127: Wynn Company developed the following reconciling
Q128: Heath Company gathered the following reconciling
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