Essay
Dinah Corp. prepares monthly bank reconciliations of its checking account balance. The bank statement for June 2013 indicated the following:
An analysis of canceled checks and deposits and the records of Dinah revealed the following items:
The correct amount of check # 3549 is $760, but it was recorded as a cash disbursement of $670. The check was issued to pay for merchandise purchased. The check was written correctly and appeared on the bank statement correctly.
Correct Answer:

Verified
Correct Answer:
Verified
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