In preparing the bank reconciliation for Hearst Company, an employee discovered an error. A $650 cash receipt for the collection of an account receivable was recorded in the company's books as $605. The deposit slip was correct, and the bank deposit had been correctly prepared. The error appeared only in the company's accounting records.

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The Answer of In preparing the bank reconciliation for Hearst Company, an employee discovered an error. A $650 cash receipt for the collection of an account receivable was recorded in the company's books as $605. The deposit slip was correct, and the bank deposit had been correctly prepared. The error appeared only in the company's accounting records.

In Preparing the Bank Reconciliation for Hearst Company, an Employee