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How would the payment be adjusted in the bank reconciliation

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Reference no: EM132932388

Problem 1: Coasters Co. issued a note receivable to a customer. The customer made payment directly to the Coaster's bank. The payment appeared on the month-end bank statement. How would this payment be adjusted in the bank reconciliation?

Option 1: Add to bank statement (bank side)
Option 2: Add to company records (book side)
Option 3: Subtract from company records (book side)
Option 4: Subtract from bank statement (bank side)

Reference no: EM132932388

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