A check written for $68.30 in payment of an account was recorded on the books as $86.30. On a bank reconciliation, this will appear as a(n)

Name: A check written for $68.30 in payment of an account was recorded on the books as $86.30. On a bank reconciliation, this will appear as a(n)
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Question

Quizplus · Accepted Answer

The error in recording the check as $86.30 instead of the actual $68.30 means the ledger balance is overstated by $18. Correcting this error involves adding $18 to the ledger balance to match the actual bank transaction.

A Check Written for $68