In comparing the canceled checks on the bank statement with the entries in the accounting records,it is found that check number 4239 for November's rent was correctly written and drawn for $3,790 but was erroneously entered in the accounting records as $7,390.When reconciling the November bank statement,the company should:
A) Deduct $3,600 from the book balance of cash.
B) Add $3,700 to the bank statement balance.
C) Add $7,390 to the book balance of cash.
D) Deduct $3,600 from the bank statement balance.
E) Add 3,600 to the book balance of cash.
Correct Answer:
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