A Check Correctly Written and Paid by the Bank for $481

question 7

Multiple Choice

A check correctly written and paid by the bank for $481 is incorrectly recorded on the company's books for $418. The appropriate adjustment on a bank reconciliation would be to:

• A) deduct $418 from the book's balance.
• B) deduct $63 from the book's balance.
• C) deduct $63 from the bank's balance.
• D) add $63 to the bank's balance.

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