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During the month of July, Clanton Industries issued a check in the amount of $967 to a supplier on account. The check did not clear

During the month of July, Clanton Industries issued a check in the amount of $967 to a supplier on account. The check did not clear the bank during July. In preparing the July 31 bank reconciliation, the company should:

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  • Deduct the check amount from the book balance of cash.

  • Add the check amount to the book balance of cash.

  • Deduct the check amount from the bank balance.

  • Add the check amount to the bank balance.

  • Make a journal entry in the company records for an error.

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