in preparing a bank reconciliation, the amount of an error indicating the recording of a check in the journal for an amount larger than the the amount of the check is added to the balance per companys records

In preparing a bank reconciliation, the amount of an error indicating the recording of a check in the journal for an amount larger than the amount of the check is added to the balance per company's records. True O False Question 5 (2 points) When a note is written to settle an open account, no entry is necessary. True O False Question 6 (4 points) A 60-day, 12% note for $7,000, dated April 15, is received from a customer on account. The face value of the note is 86,860 87,140 $7,840 $7,000