In preparing a bank reconciliation, the amount of a canceled check omitted from the journal is added to the balance per company's records.

Question

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In preparing a bank reconciliation, the amount of a canceled check omitted from the journal should be subtracted from the balance per company's records, as it represents an amount that has been paid out by the bank but not yet recorded by the company.

In Preparing a Bank Reconciliation, the Amount of a Canceled