Upon review of the most recent bank statement, you discover that a check was made out to
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Upon review of the most recent bank statement, you discover that a check was made out to your supplier for $76 but was recorded in your Cash and Accounts Payable accounts as $67. Which of the following describes the actions to be taken when preparing your bank reconciliation?
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Balance per Bank Balance per Book No change Decrease a. Decrease b. Increase c. No change Decrease d. Decrease Increase
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Related Book For
Fundamentals Of Financial Accounting
ISBN: 9781265440169
7th Edition
Authors: Fred Phillips, Shana Clor Proell, Robert Libby, Patricia Libby
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