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During the month of July, Clanton Industries Issued a check in the amount of $923 to a supplier on account. The check did not clear the bank during July. In preparing the July 31 bank reconciliation, the company should: Multiple Choice Add the check amount to the bank balance. O Make a journal entry in the company records for an error. Add the check amount to the book balance of cash. O Deduct the check amount from the bank balance. 0. Deduct the check amount from the book balance of cash.

During the month of July, Clanton Industries Issued a check in the amount of $923 to a supplier on account. The check did not clear the bank during July. In preparing the July 31 bank reconciliation, the company should: Multiple Choice Add the check amount to the bank balance. O Make a journal entry in the company records for an error. Add the check amount to the book balance of cash. O Deduct the check amount from the bank balance. 0. Deduct the check amount from the book balance of cash.

Financial Accounting
Financial Accounting
15th Edition
ISBN:9781337272124
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter8: Internal Control And Cash
Section: Chapter Questions
Problem 21E
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During the month of July, Clanton Industries Issued a check in the amount of $923 to a supplier on account. The check did not clear the bank during July. In preparing the July 31 bank reconciliation, the company should: Multiple Choice Add the check amount to the bank balance. O Make a journal entry in the company records for an error. Add the check amount to the book balance of cash. O Deduct the check amount from the bank balance. 0. Deduct the check amount from the book balance of cash.
Transcribed Image Text:During the month of July, Clanton Industries Issued a check in the amount of $923 to a supplier on account. The check did not clear the bank during July. In preparing the July 31 bank reconciliation, the company should: Multiple Choice Add the check amount to the bank balance. O Make a journal entry in the company records for an error. Add the check amount to the book balance of cash. O Deduct the check amount from the bank balance. 0. Deduct the check amount from the book balance of cash.
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