1) A check drawn by a company for $340 in payment of a liability was recorded in the journal as $430

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1) A check drawn by a company for $340 in payment of a liability was recorded in the journal as $430. This item would be included on the bank reconciliation as a(n)

A. addition to the balance per the company's records

B. addition to the balance per the bank statement

C. deduction from the balance per the bank statement

D. deduction from the balance per the company's records

2) A check drawn by a company for $340 in payment of a liability was recorded in the journal as $430. What entry is required in the company's accounts?

A. debit Accounts Payable; credit Cash

B. debit Cash; credit Accounts Receivable

C. debit Cash; credit Accounts Payable

D. debit Accounts Receivable; credit Cash