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What should be the entry in the adjusted ledger bank account

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Problem 1: A cheque paid to a supplier is recorded in the ledger bank account as €5,000. The bank statement produced by the bank states that the cheque paid was for €5,500. The entry in the bank statement is correct. What should be the entry in the adjusted ledger bank account?

Select one:

a. A credit entry of cheque understated by €500
b. A debit entry of cheque understated by €500
c. A credit entry of cheque overstated by €500
d. A debit entry of cheque overstated by €500

Reference no: EM132959993

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