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A Cheque Cashed by the Payee for $2,200 Was Recorded

Question 7

Multiple Choice

A cheque cashed by the payee for $2,200 was recorded in the company's accounting records for $220. On a bank reconciliation:


A) $1,980 will be added to the book balance.
B) $1,980 will be deducted from the book balance.
C) $1,980 will be added to the bank balance.
D) $1,980 will be deducted from the bank balance.

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