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Question 1) During a bank reconciliation, it is discovered that a deposit has been recorded by the bank, but it is not in the companys

Question 1) During a bank reconciliation, it is discovered that a deposit has been recorded by the bank, but it is not in the companys records. On the reconciliation, this deposit should be:

Added to the bank side

Deducted from the bank side

Added to the book side

Deducted from the book side

Deducted from the bank side and added to the book side

Question 2) While reviewing a trial balance, you notice the following account balances. Which one is likely to be an error?

Cash with a debit balance of $89,000

Sales Discounts with a debit balance of $3,000

Inventory with a credit balance of $6,600

Retained Earnings with a credit balance of $80,000

Cost of Goods Sold with a debit balance of $123,000

Please answer all of these questions and don't skip any due to chegg's policy

Thank you so much I WILL upvote you if all the questions will be correct

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