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 $7,390,but was erroneously entered in the accounting records as $3,790.When preparing the November bank statement,the company should:
A) Deduct $3,600 from the book balance of cash
B) Add $3,600 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:
Verified
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