Check Payment for $658 Was Incorrectly Entered in the Cash

question 2

Multiple Choice

Check payment for $658 was incorrectly entered in the cash account as $856.Which of the following adjustments needs to be made?

• A)decrease the book balance
• B)decrease the bank statement balance
• C)increase the book balance
• D)increase the bank statement balance

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Definitions:

Quality Circle

A volunteer group composed of workers who meet together to discuss workplace improvement and problem-solving strategies.

Internal Customers

Employees or departments within an organization who depend on the support or services provided by other parts of the company to fulfill their job duties.

Workflow

The sequence of industrial, administrative, or other processes through which a piece of work passes from initiation to completion.

Manufacture of a Product

The process of producing goods through the combination of labor, machinery, and processing or assembly operations.