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Business, 15.04.2020 01:12 esnyderquintero

The accountant for World Company discovered Central Bank had made an error on World's August 31 bank statement. The bank balance read $8,728, while
the book balance showed $6,998. The accountant found that an August 23 cheque for $1,250 did not appear on the bank statement (thus representing an
outstanding cheque). If this cheque is the only reconciling item, how much is the amount of the bank error?
$480
$1,250
$2,980
$1,730

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