Question
A check issued to a creditor in the amount of $35 was recorded in the journal as $350. In the bank reconciliation, the correction would
A check issued to a creditor in the amount of $35 was recorded in the journal as $350. In the bank reconciliation, the correction would be recorded as a(n)
a.addition to the ledger balance of cash.
b.deduction from the bank statement balance.
c.deduction from the ledger balance of cash.
d.addition to a revenue account.
e.addition to the bank statement balance.
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Cornerstones of Financial Accounting
Authors: Jay Rich, Jeff Jones
4th edition
978-1337690881, 9781337669450, 1337690880, 1337690899, 1337669458, 978-1337690898
