Klein Co.'s accountant recorded check 140 as $70 in the general ledger rather than the actual check amount of $700. Check 140 cleared the bank during July. The bank deducted check 142 as $900 instead of $90 on the company's July bank statement. If these are the only two reconciling items, the bank reconciliation will show which of the following adjustments?

Question

Klein Co.'s accountant recorded check 140 as $70 in the general ledger rather than the actual check amount of $700. Check 140 cleared the bank during July. The bank deducted check 142 as $900 instead of $90 on the company's July bank statement. If these are the only two reconciling items, the bank reconciliation will show which of the following adjustments?
Klein Co.'s accountant recorded check 140 as $70 in the general ledger rather than the actual check amount of $700. Check 140 cleared the bank during July. The bank deducted check 142 as $900 instead of $90 on the company's July bank statement. If these are the only two reconciling items, the bank reconciliation will show which of the following adjustments?

Quizplus · Accepted Answer

The Answer of Klein Co.'s accountant recorded check 140 as $70 in the general ledger rather than the actual check amount of $700. Check 140 cleared the bank during July. The bank deducted check 142 as $900 instead of $90 on the company's July bank statement. If these are the only two reconciling items, the bank reconciliation will show which of the following adjustments?

Klein Co'S Accountant Recorded Check 140 as $70 in the General