Bank Reconciliation Video Lessons

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Problem: The bookkeeper prepared a check for $68 but accidentally recorded it as $86. When preparing the bank reconciliation, this should be corrected by: a. Adding $18 to the bank balance. b. Subtracting $18 from the bank balance. c. Adding $18 to the book balance. d. Subtracting $18 from the book balance.

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Problem Details

The bookkeeper prepared a check for $68 but accidentally recorded it as $86. When preparing the bank reconciliation, this should be corrected by:

a. Adding $18 to the bank balance.

b. Subtracting $18 from the bank balance.

c. Adding $18 to the book balance.

d. Subtracting $18 from the book balance.

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What scientific concept do you need to know in order to solve this problem?

Our tutors have indicated that to solve this problem you will need to apply the Bank Reconciliation concept. You can view video lessons to learn Bank Reconciliation. Or if you need more Bank Reconciliation practice, you can also practice Bank Reconciliation practice problems.

What is the difficulty of this problem?

Our tutors rated the difficulty ofThe bookkeeper prepared a check for $68 but accidentally rec...as medium difficulty.

What professor is this problem relevant for?

Based on our data, we think this problem is relevant for Professor Stussie's class at ARIZONA.