Based on the schedule of interbank transfers above, which of the cash transfers would not appear as an outstanding check on the December 31, 2015 bank reconciliation?
A) 1
B) 2
C) 3
D) 4

Question

Quizplus · Accepted Answer

The check is dated December 31, 2015, but it was not presented for payment until January 2, 2016. Therefore, it would not appear as an outstanding check on the December 31, 2015 bank reconciliation.

Based on the Schedule of Interbank Transfers Above, Which of the Cash