If a check correctly written and paid by the bank for $413 is incorrectly recorded in the company's books for $431, how should this error be treated on the bank reconciliation? Multiple Choice Subtract $18 from the bank's balance. Add $18 to the book balance. Add $18 to the bank's balance. Subtract $18 from the bank's balance and add $45 to the book's balance. Subtract $18 from the book balance. During the month of July, Clanton Industries issued a check in the amount of $745 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 Deduct the check amount from 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. Add the check amount to the book balance of cash. Spencer Co. has a $430 petty cash fund. At the end of the first month the accumulated receipts represent $66 for delivery expenses, $219 for merchandise inventory, and $35 for miscellaneous expenses. The fund has a balance of $110. The journal entry to record the reimbursement of the account includes a: Multiple Choice Credit to Inventory for $219. Credit to Cash for $320. O Debit to Cash Over and Short for $110. Debit to Petty Cash for $430, Credit to Cash Over and short for $110