During the month of July, Clanton Industries issued a check in the amount of $756 to a supplier on account. The check did not clear the bank during July. In preparing the July 31 bank reconciliation, the company should:

Question

Answer

Make a journal entry in the company records for an error.

Answer

Deduct the check amount from the book balance of cash.

Answer

Add the check amount to the bank balance.

Answer

Deduct the check amount from the bank balance.

Answer

Add the check amount to the book balance of cash.

Crowdly

During the month of July, Clanton Industries issued a check in the amount of $75...

Want instant access to all verified answers on moodle.immaculata.edu?