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During the month of July, Clanton Industries issued a check in the amount of $756 to a supplier on account. The check did not clear

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During the month of July, Clanton Industries issued a check in the amount of $756 to a supplier on account. The check did not clear the bank during July. In preparing the July 31 bank reconciliation, the company should: Multiple Choice Make a journal entry in the company records for an error. Deduct the check amount from the book balance of cash. Deduct the check amount from the bank balance Deduct the check amount to the bank Add the check amount to the book balance of cash. Add the check amount to the bank balance. The principles of internal control include: Multiple Choice Bond all employees. Use only computerized systems. Maintain minimal records. Require automated sales systems. Separate recordkeeping from custody of assets. Principles of internal control include all of the following except: Multiple Choice 0 Apply technological controls. 0 Divide responsibilities for related transactions. 0 Perform regular and independent reviews, 0 Maintaining security by having one person track and record assets. 0 Separate recordkeeping from custody of assets. Bank fees for check printing are recorded by the bank as: Multiple Choice 0 An increase in the bank's asset account. 0 A decrease in the depositor's bank account. 0 An increase in the depositor's bank account. 0 An increase in the bank's expense account. 0 A decrease in the bank's asset account. An analysis that explains differences between the checking account balance according to the depositor's records and the balance reported on the bank statement is an): Multiple Choice Analysis of debits and credits. Trial reconciliation. o Bank reconciliation o o Bank audit

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