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A Debit Memo Appears on the May Bank Statement

Question 31

Multiple Choice

A debit memo appears on the May bank statement.How should this amount be treated on the May bank reconciliation?


A) It should be added to the company's balance.
B) It should be added to the bank balance.
C) It should be deducted from the company's balance.
D) It should be deducted from the bank balance.

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