QUESTION 49 When preparing a bank reconciliation, a debit memorandum for $400 was on Smythe Co.'s bank statment for a NSF check that was received from a customer. The check had been included in an earlier deposit when it was received from the customer. The NSF check had not been recorded previously by Smythe Co. Which of the following statement correctly details what should be done with this $400 NSF check when preparing the reconciliation? Add $400 for the NSF check to the bank statement balance Deduct $400 for the NSF check to the bank statement balance Add $400 for the NSF check to Smythe Co.'s checkbook balance Deduct $400 for the NSF check from Smytho Co.'s checkbook balance