X Company used the following items to complete its bank reconciliation for the m
ID: 2350696 • Letter: X
Question
X Company used the following items to complete its bank reconciliation for the month of October:Deposits in transit were $2,500.
Outstanding checks totaled $1,100.
Bank service charges were $10.
The company correctly wrote a check for $192, but mistakenly recorded the check as $129 on its books. The bank cashed the check correctly for $192.
A customer’s check for $50 was returned by the bank, NSF.
How should the check for $192 that was recorded as $129 be treated?
deducted from the balance per bank statement
added to the balance per bank statement
added to the balance per books
deducted from the balance per books
Explanation / Answer
deducted from the balance per bank statement
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