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

question 188

Multiple Choice

In comparing the canceled checks on the bank statement with the entries in the accounting records,it is found that check number 4239 for November's rent was correctly written and drawn for $3,790 but was erroneously entered in the accounting records as $7,390.When reconciling the November bank statement,the company should:

• A)Deduct $3,600 from the book balance of cash.
• B)Add $3,700 to the bank statement balance.
• C)Add $7,390 to the book balance of cash.
• D)Deduct $3,600 from the bank statement balance.
• E)Add 3,600 to the book balance of cash.

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Definitions:

Leisure Interests

Activities or hobbies pursued for enjoyment, relaxation, or pleasure during free time.

Exogamy

A cultural practice that requires marrying outside one’s group (often used interchangeably with heterogamy).

Emotionally Committed

describes individuals who invest significant emotional energy into relationships, projects, or goals, often leading to strong loyalty and dedication.

Dysfunctional

Not operating normally or effectively, often describing relationships or family environments.