In comparing the cancelled checks on the bank statement

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Reference no: EM13794809

In comparing the cancelled checks on the bank statement with the entries in the accounting records, it is found that check number 4239 for November's rent was correctly written and drawn for $3,240 but was erroneously entered in the accounting records as $3,420. When reconciling the November bank statement, the company should:

Deduct $180 from the book balance of cash.

Add $280 to the bank statement balance.

Add $3,420 to the book balance of cash.

Deduct $180 from the bank statement balance.

Add 180 to the book balance of cash.

Reference no: EM13794809

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