If a check correctly written and paid by the bank for $292 is incorrectly recorded in the company's books for $245, how should this error be treated on the bank reconciliation? Multiple Choice Subtract $47 from the bank's balance and add $47 to the book's balance. Subtract $47 from the book balance. Add $47 to the bank's balance. Add $47 to the book balance. Subtract $47 from the bank's balance.