The bank erroneously charged Tropical Services\' account for $540.50 for a check
ID: 2416967 • Letter: T
Question
The bank erroneously charged Tropical Services' account for $540.50 for a check that was correctly written and recorded by Tropical Services as $450.50. To reconcile the bank account of Tropical Services at the end of the month, you would:
Question 3 options:
add $90 to the cash balance according to the bank statement.
deduct $90 from the cash balance according to Tropical Services' records.
deduct $90 from the cash balance according to the bank statement
add $90 to the cash balance according to Tropical Services' records
add $90 to the cash balance according to the bank statement.
deduct $90 from the cash balance according to Tropical Services' records.
deduct $90 from the cash balance according to the bank statement
add $90 to the cash balance according to Tropical Services' records
Explanation / Answer
deduct $90 from the cash balance according to the bank statement.