Team Shirts deposited a check written for $325.However,the accountant entered the amount as $235 into the books.On the bank statement the amount deposited was correctly entered as $325.On the bank reconciliation,the $90 should be ________.

Question

Quizplus · Accepted Answer

Since the accountant entered a lower amount ($235) than what was actually deposited ($325), the books understate the cash balance by $90. To reconcile, this amount should be added to the balance per books to match the correct bank statement balance.

Team Shirts Deposited a Check Written for $325