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

question 5

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 preparing 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:

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The body's response to any demand or challenge, which can be triggered by both positive and negative experiences and can influence physical and mental health.