A Debit Memorandum Appeared on Mallory's Bank Statement for the Month

question 74

Multiple Choice

A debit memorandum appeared on Mallory's bank statement for the month of May. How will Mallory treat this amount on the May bank reconciliation?

• A) Add it to the company's balance.
• B) Add it to the bank balance.
• C) Deduct it from the company's balance.
• D) Deduct it from the bank balance.

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