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If a check correctly written and paid by the bank for $744 is incorrectly recorded on the company's books for $743, the appropriate treatment on the bank reconciliation would be to Select one: a. deduct $724 from the bank's balance. b. add $18 to the bank's balance. c. deduct $724 from the book's balance d. The answer does not exist e. add $18 to the book's balance.

If a check correctly written and paid by the bank for $744 is incorrectly recorded on the company's books for $743, the appropriate treatment on the bank reconciliation would be to Select one: a. deduct $724 from the bank's balance. b. add $18 to the bank's balance. c. deduct $724 from the book's balance d. The answer does not exist e. add $18 to the book's balance.

Survey of Accounting (Accounting I)
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter5: Internal Control And Cash
Section: Chapter Questions
Problem 2SEQ
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If a check correctly written and paid by the bank for $744 is incorrectly recorded on the company's books for $743, the appropriate treatment on the bank reconciliation would be to Select one: on a. deduct $724 from the bank's balance. b. add $18 to the bank's balance, c. deduct $724 from the book's balance d. The answer does not exist e. add $18 to the book's balance. Previous page Next page IBA F1 F2 F3 F4 F5 F6 F7 F8 F9 F10 F11 PRTSC SYSRC F12 图 23 24 4 % * 2 6. V 8 HOME PGUP W Y ! ق i J K END PGDN V YNi INS B C. D. E.
Transcribed Image Text:If a check correctly written and paid by the bank for $744 is incorrectly recorded on the company's books for $743, the appropriate treatment on the bank reconciliation would be to Select one: on a. deduct $724 from the bank's balance. b. add $18 to the bank's balance, c. deduct $724 from the book's balance d. The answer does not exist e. add $18 to the book's balance. Previous page Next page IBA F1 F2 F3 F4 F5 F6 F7 F8 F9 F10 F11 PRTSC SYSRC F12 图 23 24 4 % * 2 6. V 8 HOME PGUP W Y ! ق i J K END PGDN V YNi INS B C. D. E.
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