In comparing the canceled checks on the bank statement with the entries in the accounting records, it is found that check number 4239 for November's rent was correctly written and drawn for $1,230 but was erroneously entered in the accounting records as $2,310. When reconciling the November bank statement, the company should: Multiple Choice Deduct $1,080 from the bank statement balance. Add $2,310 to the book balance of cash. Add 1,080 to the book balance of cash. O Deduct $1,080 from the book balance of cash. Add $1,180 to the bank statement balance.