The check written by a company was recorded on the books as $470, but it cleared the bank at the correct amount the check was made out for of $4700. I thought the ans should be add the book balance 4230. However the ans deduct in book balance 4230.
WHY is that?? :confused:

Your Book Balance is over stated by $4,230. So you have to deduct the $4,230 to get to the correct Book Balance.