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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 $1,250 but was erroneously entered in the accounting records as $1,520. When reconciling the November bank statement, the company should: O Deduct $270 from the book balance of cash. Deduct $270 from the bank statement balance. Add $370 to the bank statement balance. Add 270 to the book balance of cash. OAdd $1,520 to the book balance of cash
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