A company made a bank deposit on September 30 that did not appear on the bank statement dated September 30. In preparing the September 30 bank reconciliation, the company should:
A. deduct the deposit from the bank statement balance.
B. send the bank a debit memorandum.
C. deduct the deposit from the September 30 book balance and add it to the October 1 book balance.
D. add the deposit to the end cash balance per bank statement.
Answer:D
A company made a bank deposit on September 30 that did not appear on the bank statement dated September 30. In preparing the September 30 bank reconciliation, the company should:
A. deduct the deposit from the bank statement balance. B. send the bank a debit memorandum. C. deduct the deposit from the September 30 book balance and add it to the October 1 book balance. D. add the deposit to the end cash balance per bank statement.