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If a company erroneously records a $500 deposit as $50 in its records, which of the following must occur when reconciling its bank statement? a.

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If a company erroneously records a $500 deposit as $50 in its records, which of the following must occur when reconciling its bank statement? a. The company must decrease the balance per its records by $500. b. The company must increase the balance per its records by $450. c. The company must decrease the balance per its records by $450. d. The company must increase the balance per its records by $500

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