Your Company Makes a Bank Deposit of $857 in Its

Multiple Choice

Your company makes a bank deposit of $857 in its chequing account.Which of the following describes how this transaction should be accounted for?

A) You add $857 to your recorded cash balance and the bank deducts $857 from your chequing account balance.
B) You deduct $857 from your recorded cash balance and the bank deducts $857 from your chequing account balance.
C) You add $857 to your recorded cash balance and the bank adds $857 to your chequing account balance.
D) You deduct $857 from your recorded cash balance and the bank adds $857 to your chequing account balance.