Question Content AreaWhile reconciling the checking account, an accountant with Sonic Corporation noticed that an error had been made in recording a check received by the company. Sonic recorded the receipt as $729, and the correct amount of the check was $279. Which of the following reconciling adjustments is required?

a.Add $450 to the bank statement balance

b.Deduct $450 from the bank statement balance

c.Add $450 to the company's book balance

d.Deduct $450 from the company's book balance