33. Delmar Co. prepares a four-column bank reconciliation. Check No. 859 was written for $85.90...
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Accounting
33. Delmar Co. prepares a four-column bank reconciliation. Check No. 859 was written for $85.90 on the books, but the check was written and cleared the bank for the correct amount, $58.90. The correct treatment on the reconciliation would be
a. | on the bank side, deduct $27 from payments and add $27 to ending balance |
b. | on the book side, deduct $27 from payments and add $27 to ending balance |
c. | on the book side, add $27 to payments and deduct $27 from ending balance |
d. | on the bank side, add $27 to receipts and add $27 to ending balance
|
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