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AI Naseeb Co. wrote a check for RO 715 which was correctly paid by the bank. However, Al Naseeb incorrectly recorded it on its books for RO 751. The amount to be adjusted on the bank reconciliation would be to: Select one: O a. add RO 36 to the book's balance. O b. minus RO 715 from the book's balance. O . None of the answers are correct. O d. add RO 36 to the bank's balance. e. minus RO 751 from the bank's balance.

AI Naseeb Co. wrote a check for RO 715 which was correctly paid by the bank. However, Al Naseeb incorrectly recorded it on its books for RO 751. The amount to be adjusted on the bank reconciliation would be to: Select one: O a. add RO 36 to the book's balance. O b. minus RO 715 from the book's balance. O . None of the answers are correct. O d. add RO 36 to the bank's balance. e. minus RO 751 from the bank's balance.

Financial Accounting
Financial Accounting
15th Edition
ISBN:9781337272124
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter8: Internal Control And Cash
Section: Chapter Questions
Problem 21E
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AI Naseeb Co. wrote a check for RO 715 which was correctly paid by the bank. However, Al Naseeb incorrectly recorded it on its books for RO 751. The amount to be adjusted on the bank reconciliation would be to: Select one: O a. add RO 36 to the book's balance. O b. minus RO 715 from the book's balance. O . None of the answers are correct. O d. add RO 36 to the bank's balance. e. minus RO 751 from the bank's balance.
Transcribed Image Text:AI Naseeb Co. wrote a check for RO 715 which was correctly paid by the bank. However, Al Naseeb incorrectly recorded it on its books for RO 751. The amount to be adjusted on the bank reconciliation would be to: Select one: O a. add RO 36 to the book's balance. O b. minus RO 715 from the book's balance. O . None of the answers are correct. O d. add RO 36 to the bank's balance. e. minus RO 751 from the bank's balance.
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