A check written by the company for $ 272 is incorrectly recorded by a company as $

Fantastic news! We've Found the answer you've been seeking!

Question:

A check written by the company for $272 is incorrectly recorded by a company as $227. On the bank reconciliation, the $45 error should be

deducted from the balance per books.added to the balance per bank.deducted from the balance per bank.added to the balance per books.

Related Book For answer-question

Intermediate Accounting

ISBN: 978-0132162302

1st edition

Authors: Elizabeth A. Gordon, Jana S. Raedy, Alexander J. Sannella

See More Books

Posted Date: Jan 17, 2022 03:38 PM

See More Questions

A check written by the company for $ 178 is incorrectly recorded by a company as $ 187 . On the bank reconciliation, the $ 9 error should be added to the balance per books. deducted from the balance...
Check drawn by the company for $174 but incorrectly recorded by the company at $147. What should be the error on the bank reconciliation?
Error Correction, after Books Closed. Tyrion Retailers, Inc. incorrectly recorded inventory in 2014. Rather than recording ending inventory as $ 570,000, Tyrions accounting manager entered $ 750,000....
Review the following exhibits for Kitchenmaid: (Click the icon to view the functional cost breakdown.) (Click the icon to view the customer feature ratings.) m link the innn in this site function...
The following table shows the weight of randomly selected packages shipped by FedEx, UPS, and DHL. These data can also be found in the Excel file package weight. xlsx. Using Î± = 0.05,...
The following balances appear on the books of Brian Kaufman Enterprises: Retained Earnings, $30,000; Dividends, $5,400; Service Revenue, $20,200; Salaries Expense, $6,800; Rent Expense, $3,000;...
As with Exercise 10, the sensitivity of a derivative asset with respect to the underlying interest rate $r$ is termed rho and defined as For a call option on stock following the Black-Scholes...
U.S. consumers are increasingly viewing debit cards as a convenient substitute for cash and checks. The average amount spent annually on a debit card is $7,790 (Kiplinger's , August 2007). Assume...
The LIGO interferometer is used to detect the very very small compression and expansion of space as a gravity wave passes by. It is essentially a Michelson interferometer, each of whose arms L1 and...
"Don't join a start-up for the money [laughter]. I've seen people that have come here with the kind of like that Gold Rush mentality. Hooah, I'm going to get here, I'm going to strike it rich, and...
As shown below, a 30 kg box is pulled with an angle of 30 from the horizontal. Calculate the force needed to move the box with an acceleration of 3.6 m/s if the coefficient of kinetic friction is...
Which criteria to pick a strategy would you consider most important? Why? How would the context affect your answer?
What did the fax machine replace, if anything? What will replace (or has replaced) the fax machine? When will the fax machine disappear?
Identify markets in which actual sales and growth were less than expected. Why was that the case? Identify markets where a sales collapse was sudden. Explain why this happened.
Explain shareholder value analysis. Why might it help firms? Why might it result in bad decisions?
What trends are driving consumers away from newspapers? Which of these are supported by underlying consumer trends? Identify these trends.
Post Test Assignment Matt won 59 lollipops playing hoops at his school's game night. Later, he gave two to each of his friends. He only has 3 remaining. How many friends does he have? 1 answer
Solve the relation Exz:Solve therelation ne %3D
How are deferred tax assets and deferred tax liabilities created?
Gregorys on Ormond, Inc. grants its president 2,000 stock options on January 1, Year 1 that give him rights to purchase shares of the company for $ 40 per share on December 31, Year 2. At the time...
The rules related to the capitalization of interest costs into the original carrying value of PPE are generally similar under U. S. GAP and IFRS. While there are some differences, most notably in how...
Using a financial calculator, solve for the unknowns in each of the following situations. a. On June 1, 2024, Holly Golightly purchases lakefront property from her neighbor, George Peppard, and...
Ed owns Oak Knoll Apartments. During the year, Fred, a tenant, moved to another state. Fred paid Ed $$1,000$ to cancel the two-year lease he had signed. Ed subsequently began renting the unit to...
In 2017, Harry and Mary purchased Series EE bonds, and in 2023 redeemed the bonds, receiving $$500$ of interest and $$1,500$ of principal. Their income from other sources totaled $$30,000.$...

A check written by the company for $ 272 is incorrectly recorded by a company as $

Question:

Expert Answer:

Answer added to the balance per books E... View the full answer

Intermediate Accounting

Students also viewed these accounting questions