In Comparing the Canceled Checks on the Bank Statement with the Entries

question 106

Multiple Choice

In comparing the canceled checks on the bank statement with the entries in the accounting records,it is found that check number 2889 for December's utilities was correctly written and drawn for $970 but was erroneously entered into the accounting records as $790.The journal entry to adjust the books for the bank reconciliation would include a debit to:

• A)Cash and a credit to Utility Expense for $180.
• B)Utility Expense and a credit to Cash for $180.
• C)Utility Expense and a credit to Cash for $790.
• D)Cash and a credit to Utility Expense for $790.

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Definitions:

Expansionist Stage

A phase in the development of a country or empire during which it seeks to increase its size and influence by acquiring new territories.

Multiculturalism

A social and political approach that recognizes, celebrates, and promotes the diversity of cultural traditions and practices within a society.

Institutionalized

Placed in or confined to a residential institution.

Xenophobia

An irrational fear or hatred of foreigners or strangers, often leading to discrimination and hostility.