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For which of the following errors should the appropriate amount be subtracted from the balance per bank on a bank reconciliation? Check for $63 recorded
For which of the following errors should the appropriate amount be subtracted from the balance per bank on a bank reconciliation?
| Check for $63 recorded by the company as $36. |
| A returned $500 check recorded by the bank as $50. |
| Deposit of $500 recorded by the bank as $50. |
| Check for $65 recorded by the company as $56. |
Please explain why the correct answer is correct, and why incorrect answer choices are wrong. Thank you.
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