The bank erroneously charged Tropical Services\' account for $540.50 for a check

Question

The bank erroneously charged Tropical Services' account for $540.50 for a check that was correctly written and recorded by Tropical Services as $450.50. To reconcile the bank account of Tropical Services at the end of the month, you would:

Question 3 options:

add $90 to the cash balance according to the bank statement.

deduct $90 from the cash balance according to Tropical Services' records.

deduct $90 from the cash balance according to the bank statement

add $90 to the cash balance according to Tropical Services' records

add $90 to the cash balance according to the bank statement.

deduct $90 from the cash balance according to Tropical Services' records.

deduct $90 from the cash balance according to the bank statement

add $90 to the cash balance according to Tropical Services' records

Explanation / Answer

deduct $90 from the cash balance according to the bank statement.

Related Questions

Navigate

• Browse (All)
• Browse T
• Subjects

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.