Question
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
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 $1,350 but was erroneously entered in the accounting records as $3,510. When reconciling the November bank statement, the company should:
a: Add 2,160 to the book balance of cash.
b. Deduct $2,160 from the bank statement balance.
c. Add $2,260 to the bank statement balance.
d. Deduct $2,160 from the book balance of cash
e. Add $3,510 to the book balance of cash.
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