Question

connect Unit 3 Exam - Multiple Choice 6. During the month of September, Norris Industries issued a check in the amount of $823 to a supplier on account. The check cleared the bank during September. Norris recorded the disbursement incorrectly as $835. The journal entry to correct this mistake when discovered will include ? Add the difference between the correct amount and the incorrect amount to the bank balance. ? Deduct the difference between the correct amount and the incorrect amount from the book balance. ? Add the difference between the correct amount and the incorrect amount to the book balance. ? Deduct the difference between the correct amount and the incorrect amount from the bank balance.

          connect
Unit 3 Exam - Multiple Choice
6.
During the month of September, Norris Industries issued a check in the amount of $823 to a supplier on account. The check cleared the bank during September. Norris recorded the disbursement incorrectly as $835. The journal entry to correct this mistake when
discovered will include
? Add the difference between the correct amount and the incorrect amount to the bank balance.
? Deduct the difference between the correct amount and the incorrect amount from the book balance.
? Add the difference between the correct amount and the incorrect amount to the book balance.
? Deduct the difference between the correct amount and the incorrect amount from the bank balance.

connect
Unit 3 Exam - Multiple Choice
6.
During the month of September, Norris Industries issued a check in the amount of 823 to a supplier on account. The check cleared the bank during September. Norris recorded the disbursement incorrectly as835. The journal entry to correct this mistake when
discovered will include
? Add the difference between the correct amount and the incorrect amount to the bank balance.
? Deduct the difference between the correct amount and the incorrect amount from the book balance.
? Add the difference between the correct amount and the incorrect amount to the book balance.
? Deduct the difference between the correct amount and the incorrect amount from the bank balance.

Added by James K.

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