question archive During the month of July, Clanton Industries issued a check in the amount of $778 to a supplier on the account
During the month of July, Clanton Industries issued a check in the amount of $778 to a supplier on the account
Subject:AccountingPrice: Bought3
During the month of July, Clanton Industries issued a check in the amount of $778 to a supplier on the account. The check did not clear the bank during July. In preparing the July 31 bank reconciliation, the company should:
A.) Deduct the check amount from the bank balance.
B.) Make a journal entry in the company records for an error.
C.) Deduct the check amount from the book balance of cash.
D.) Add the check amount to the bank balance.
E.) Add the check amount to the book balance of cash.
