Academic Integrity: tutoring, explanations, and feedback — we don’t complete graded work or submit on a student’s behalf.

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