A company is preparing its bank reconciliation for December 31,2004
(end of the reporting period).The following verified data are available: Based on the above data only,the amounts for the December 2004 bank reconciliation are:
(1) Deposits in transit $________________.
(2) Outstanding cheques $_________________.

Question

A company is preparing its bank reconciliation for December 31,2004
(end of the reporting period).The following verified data are available:  Based on the above data only,the amounts for the December 2004 bank reconciliation are:
(1) Deposits in transit $________________.
(2) Outstanding cheques $_________________.

Quizplus · Accepted Answer

The Answer of A company is preparing its bank reconciliation for December 31,2004
(end of the reporting period).The following verified data are available:  Based on the above data only,the amounts for the December 2004 bank reconciliation are:
(1) Deposits in transit $________________.
(2) Outstanding cheques $_________________.

A Company Is Preparing Its Bank Reconciliation for December 31,2004