If a check correctly written and paid by the bank for $452 is incorrectly recorded in the company's books for $389, how should this error be treated on the bank reconciliation? Multiple Choice Subtract $63 from the bank's balance and add $63 to the book's balance. О Add $63 to the book balance. O Subtract $63 from the bank's balance. О Subtract $63 from the book balance. 0. Add $63 to the bank's balance.
If a check correctly written and paid by the bank for $452 is incorrectly recorded in the company's books for $389, how should this error be treated on the bank reconciliation? Multiple Choice Subtract $63 from the bank's balance and add $63 to the book's balance. О Add $63 to the book balance. O Subtract $63 from the bank's balance. О Subtract $63 from the book balance. 0. Add $63 to the bank's balance.
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter7: Accounting For Cash
Section: Chapter Questions
Problem 2CE
Related questions
Question
![If a check correctly written and paid by the bank for $452 is incorrectly recorded in the company's books for $389, how should this error be treated
on the bank reconciliation?
Multiple Choice
Subtract $63 from the bank's balance and add $63 to the book's balance.
О
Add $63 to the book balance.
O
Subtract $63 from the bank's balance.
О
Subtract $63 from the book balance.
0.
Add $63 to the bank's balance.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F7ab9f140-81a5-4aaa-b139-9123517da390%2F94824560-8d3d-4d19-8658-9e6af6f34e08%2F7k4uuuc_processed.jpeg&w=3840&q=75)
Transcribed Image Text:If a check correctly written and paid by the bank for $452 is incorrectly recorded in the company's books for $389, how should this error be treated
on the bank reconciliation?
Multiple Choice
Subtract $63 from the bank's balance and add $63 to the book's balance.
О
Add $63 to the book balance.
O
Subtract $63 from the bank's balance.
О
Subtract $63 from the book balance.
0.
Add $63 to the bank's balance.
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