When Preparing This Month's Bank Reconciliation,you Find That You Failed

question 142

Multiple Choice

When preparing this month's bank reconciliation,you find that you failed to record a $1,240 deposit for a payment you received from a customer.You immediately prepare a journal entry to record the deposit.Which of the following describes the actions to be taken when preparing next month's bank reconciliation?

• A)You must decrease the balance per bank by $1,240.
• B)You must increase the balance per bank by $1,240.
• C)You must increase the balance per books by $1,240.
• D)No further action is necessary.

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