Your company writes a cheque for $967. Which of the following describes how this transaction should be accounted for? 11 Multiple Choice points You deduct $967 from your recorded cash balance and the bank adds $967 to your chequng account balance You deduct $967 from your recorded cash balance and the bank deducts $967 from your chequing account balance You add $967 to your recorded cash balance and the bank adds $967 to your chequing account balance O You add $967 to your recorded cash balance and the bank deducts $967 from your chequing account balance