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First State Bank Collected a Note for Smith Company

Question 40

Multiple Choice

First State Bank collected a note for Smith Company. This collection, not yet recorded in Smith's books, appears on the bank reconciliation as a(n) :


A) Addition to balance per general ledger
B) Deduction from balance per bank statement
C) Addition to balance per bank statement
D) Deduction from balance per general ledger
E) None of the above

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