menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Financial and Managerial Accounting
  4. Exam
    Exam 7: Internal Control and Cash
  5. Question
    Check Payment for $658 Was Incorrectly Entered in the Cash
Solved

Check Payment for $658 Was Incorrectly Entered in the Cash

Question 2

Question 2

Multiple Choice

Check payment for $658 was incorrectly entered in the cash account as $856.Which of the following adjustments needs to be made?


A) decrease the book balance
B) decrease the bank statement balance
C) increase the book balance
D) increase the bank statement balance

Correct Answer:

verifed

Verified

Related Questions

Q7: The Fingertips Inc.had the following financial data

Q20: A company received a bank statement with

Q31: On a bank reconciliation,deposits in transit are

Q41: Petty cash is a fund containing a

Q80: No journal entries are required for the

Q91: In a bank reconciliation,a deposit in transit

Q108: Cash is a highly liquid asset,but cash

Q135: Which of the following is representative of

Q183: The journal entry to open a new

Q186: Which of the following would be included

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines