During the month of july, clanton industries issued a check in the amount of $967 to a supplier on account. the check did not clear the bank during july. in preparing the july 31 bank reconciliation, the company should:

multiple choice

a. deduct the check amount from the book balance of cash.
b. add the check amount to the book balance of cash.
c. deduct the check amount from the bank balance.
d. add the check amount to the bank balance.
e. make a journal entry in the company records for an error.

Suppose the following items were taken from the 2017 financial statements of whispering winds corp.. (all dollars are in millions.) common stock $3,230 accumulated depreciation—equipment $3,940 prepaid rent 175 accounts payable 1,560 equipment 6,940 patents 2,270 stock investments (long-term) 670 notes payable (long-term) 780 debt investments (short-term) 1,740 retained earnings 6,175 income taxes payable 150 accounts receivable 1,740 cash 1,290 inventory 1,010 prepare a classified balance sheet in good form as of december 31, 2017. (list current assets in order of liquidity.)