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Palm tree Ltd has a substantial bank overdraft. The cash receipts journal of Palmtree Ltd shon a receipt of $680 whereas the bank statement shows

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Palm tree Ltd has a substantial bank overdraft. The cash receipts journal of Palmtree Ltd shon a receipt of $680 whereas the bank statement shows a deposit of $860. In the bank reconciliation statement, what is the appropriate treatment for the discrepancy? a Add to the balance per the bank statement. Prob 1 Ito th Add to the balance per the company records. c "Deduct from the balance per the company records. d Unable to be determined unless it is known who is responsible for the error

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