Question
Time While preparing its bank reconciliation for May, a company discovered that a check it wrote for $790 for the purchase of supplies was incorrectly
Time While preparing its bank reconciliation for May, a company discovered that a check it wrote for $790 for the purchase of supplies was incorrectly recorded in the journal entry for $970. The amount in the journal entry should have been $790. Question: On its bank reconciliation, how should the company treat this error? Select one: O a. They should add $180 to the company side of the bank reconciliation. b. They should subtract $180 from the company side of the bank reconciliation. c. They should subtract $180 from the bank side of the bank reconciliation. Od. They should add $180 to the bank side of the bank reconciliation.
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