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In preparing a bank reconciliation statement for a business with a credit balance on the...

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Accounting

In preparing a bank reconciliation statement for a business with a credit balance on the bank statement, the appropriate treatment for a cheque for $871 to pay an outstanding account payable that was entered as $817 in the companys accounting records is to:

a.

add it to the balance as per bank statement.

b.

deduct it from the cash balance per company records

c.

add it to the cash balance as per the company records

d.

deduct it from the balance per the bank statement

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