During the monthly bank reconciliation process, a company di…

During the monthly bank reconciliation process, a company discovered that it had correctly written a check to make a payment on account for $708.62 but recorded it in the books as $780.62. What correcting entry, if any, needs to be made given these facts? a. Accounts Payable …………………………………………….                 72                                       Cash …………………………………………………………                                 72 b. Cash ………………………………………………………..                          72                Accounts Payable ………………………………….                                   72 c. Accounts Receivable ……………………………………….                 72                Cash …………………………………………………………                                 72 d. Accounts Receivable ………………………………………..         708.62                Cash …………………………………………………………                         708.62