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A company wrote a check 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 check from the bank statement balance.B) Send the bank a credit memorandum.C) Deduct the check from the September 30 book balance and add it to the October 1 book balance.D) Add the check to the book balance of cash.E) Add the check to the bank statement balance.

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Answer:

Deduct the check from the bank Statement balance

Explanation:

In the given scenario when a bank writes a check on September 30 and the beneficiary does not cash the check, it will not be deducted from the company's balance.

So it will not appear on the end of month statement.

When reconciling the company's accounts the check will need to be considered as cash given out already.

The value of the cheque will need to be deducted from the statement balance to show the funds were given out.

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