In a bank reconciliation, to adjust for a bank charge for another company's check requires: O reducing the bank balance by the amount of the check O increasing the bank balance by the amount of the check O reducing the book balance by the amount of the check O increasing the book balance by the amount of the check

Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter5: Internal Control And Cash
Section: Chapter Questions
Problem 5.21E
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In a bank reconciliation, to adjust for a bank charge for another company's
check requires:
O reducing the bank balance by the amount of the check
O increasing the bank balance by the amount of the check
O reducing the book balance by the amount of the check
O increasing the book balance by the amount of the check
Transcribed Image Text:In a bank reconciliation, to adjust for a bank charge for another company's check requires: O reducing the bank balance by the amount of the check O increasing the bank balance by the amount of the check O reducing the book balance by the amount of the check O increasing the book balance by the amount of the check
In a bank reconciliation, to adjust for an incorrect deposit of $1,000 from
another company in your account requires:
O reducing the bank balance by the amount of the deposit
O increasing the bank balance by the amount of the deposit
O reducing the book balance by the amount of the deposit
O increasing the book balance by the amount of the deposit
Transcribed Image Text:In a bank reconciliation, to adjust for an incorrect deposit of $1,000 from another company in your account requires: O reducing the bank balance by the amount of the deposit O increasing the bank balance by the amount of the deposit O reducing the book balance by the amount of the deposit O increasing the book balance by the amount of the deposit
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