Question: In comparing the canceled checks on the bank statement with the entries in accounting records, it is found that check number 2889 for December's utilities

In comparing the canceled checks on the bank statement with the entries in accounting records, it is found that check number 2889 for December's utilities w correctly written and drawn for $170 but was erroneously entered in the accounti records as $710. The journal entry to adjust the books for the bank reconciliation wot include which of the following for this situation? Multiple Choice $540 decrease to Cash and a $540 decrease to Utility Expense. $710 increase to Cash. $380 increase to Cash and a $480 decrease to Utility Expense. $380 decrease to Cash and a $380 decrease to Utility Expense

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