Upon review of the most recent bank statement, you discover that a check was mad

Question

Upon review of the most recent bank statement, you discover that a check was made out to your supplier for $76 (which is the correct amount) but was recorded in your books as $67 decrease to Cash. $67 was the correct amount. Which of the following describes the actions to be taken when preparing your bank reconciliation? No change to Balance per Bank; Decrease to Balance per Book Decrease to Balance per Bank; Increase to Balance per Books Decrease to Balance per Bank; No Change to Balance per Books Increase Balance per Bank; Decrease Balance per Books

Explanation / Answer

No change to balance per Bank, Decrease to Balance per book. Option 1 is correct

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