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:

Guilty but Mentally Ill

A legal verdict that indicates the defendant is guilty of the charges but was also suffering from mental illness at the time of the crime.

Critics

Individuals who evaluate, analyze, and sometimes offer judgments about various forms of creative work or actions.

Proponents

Individuals or groups who support or advocate for a particular idea, practice, or policy.

Mental Illness

A broad range of conditions that affect mood, thinking, and behavior, often diagnosed according to standardized criteria.