If a company made a bank deposit on September 30 that did not appear on the bank
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Question:
If a company made a bank deposit on September 30 that did not appear on the bank statement dated September 30, in preparing the September 30 bank reconciliation, the company should:
Multiple Choice
a. Deduct the deposit from the bank statement balance.
b. Send the bank a debit memorandum.
c. Deduct the deposit from the September 30 book balance and add it to the October 1 book balance.
d. Add the deposit to the book balance of cash.
e. Add the deposit to the bank statement balance.
Related Book For
Fundamentals of Financial Accounting
ISBN: 978-0078025914
5th edition
Authors: Fred Phillips, Robert Libby, Patricia Libby
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