During the bank reconciliation process, an accountant identified an error. A check written for $20 to pay a supplier for goods purchased on credit was erroneously recorded in the company's records for $200. Which of the following entries would correct this error?
(A) Cash 180; Accounts Payable 180
(B) Cash 180; Accounts Receivable 180
(C) Account Receivable 180; Accounts Payable 180
(D) None of these, as the error should be corrected by the supplier's personnel
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Home » Business » During the bank reconciliation process, an accountant identified an error. A check written for $20 to pay a supplier for goods purchased on credit was erroneously recorded in the company's records for $200.