fa check correctly written and paid by the bank for $272 is incorrectly recorded in the 22) company's books for $227, how should this error be treated on the bank reconciliation? A) Subtract $45 from the book balance. B) Add $45 to the book balance. C) Subtract $45 from the bank's balance and add $45 to the book's balance. D) Subtract $45 from the bank's balance. E) Add $45 to the bank's balance. 23) The checklist of steps necessary for approving an invoice for recording and payment, 23) also known as the check authorization, is the A) Invoice. B) Purchase order. C) Receiving report. D) Purchase requisition. E) Invoice approval. 24) A company's internal control system: 24) A) Eliminates human error. B) Eliminates the need for audits. C) Eliminates the need for managers' certification of controls. D) Monitors company and employee performance E) Eliminates the company's risk of loss. 25) In the process of reconciling its bank statement for April, Donahue Enterprises 25) accountant compiles the following information: Cash balance per company books on April 30 Deposits in transit at month-end Outstanding checks at month-end Bank charge for printing new checks Note receivable and interest collected by bank on Donahue's behalf A check paid to Donahue during the month by a customer is returned by the $6,275 $1,300 $620 $45 $770 bank as NSF The adjusted cash balance per the books on April 30 is: A) $5,840 B) $4,600 C $6,900 D) $8,160 E)S6,520