Abbott Company Wrote a Check for $660, but Recorded It

question 7

Multiple Choice

Abbott Company wrote a check for $660, but recorded it in the accounting records as $606. This error would require an adjustment on the bank reconciliation of

• A) Adding $54 to the balance per the bank statement
• B) Deducting $54 from the balance per the bank statement
• C) Adding $54 to the balance per the books
• D) Deducting $54 from the balance per the books

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Definitions:

Regionalization

Regionalization is the division of the world into different and often competing economic, political, and cultural areas.

European Union

A political and economic union of 27 European countries that are tied by a single market and a variety of policies aiming at ensuring freedom, security, and justice.

Homogeneous Place

A location or setting where the individuals or elements share a high degree of similarity or uniformity.

Transportation Infrastructures

The foundational facilities and systems that support the movement of people and goods, including roads, bridges, tunnels, railways, and airports.