The Taylor Company wrote a check for $790 to pay for rent and it cleared...
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Accounting
The Taylor Company wrote a check for $790 to pay for rent and it cleared the bank for $790, but the accountant incorrectly recorded the check for $970. Specifically the accountant debited the rent expense account for $970 and credited the cash account for $970. The current balance in the cash account on Taylor's accountingrecords is $15.000. After making the adjusting journal entry to correct the error,what should the cash balance in the accounting records be?
A. 15,180
B. 14,020
C. 15,970
D. 14,820
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