If a check correctly written and paid by the bank for $432 is incorrectly recorded in the company's books for $371, how should this error be treated on the bank reconciliation?

Question

Answer

Add $61 to the book balance.

Answer

Subtract $61 from the book balance.

Answer

Subtract $61 from the bank's balance and add $61 to the book's balance.

Answer

Add $61 to the bank's balance.

Answer

Subtract $61 from the bank's balance.

Crowdly

If a check correctly written and paid by the bank for $432 is incorrectly record...

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