The following information is available for Hapley Co. November 30 bank statement shows a $1,895 balance.
Question:
The following information is available for Hapley Co.
• November 30 bank statement shows a $1,895 balance.
• General ledger shows a $1,742 balance at November 30.
• A $795 deposit in the bank's night depository on November 30 does not appear on the November 30 bank statement.
• Outstanding checks amount to $638 at November 30.
• A customer's $320 note was collected by the bank and deposited in Hapley's account in November.
• A bank service charge of $10 is deducted by the bank and appears on the November 30 bank statement.
• How will the customer's note appear on Hapley's November 30 bank reconciliation?
a. $320 is an addition to the book balance of cash.
b. $320 is a deduction from the book balance of cash.
c. $320 is an addition to the bank balance of cash.
d. $320 is a deduction from the bank balance of cash.
e. $335 is an addition to the bank balance of cash.
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