When a company receives customers' checks by mail:
A)the mailroom sends all customer checks to the treasurer,who has the cashier deposit the checks in the bank.
B)the treasurer prepares the journal entries.
C)the mailroom employee prepares the journal entries.
D)the treasury department cashier prepares the journal entries.

Question

Quizplus · Accepted Answer

The mailroom sends all customer checks to the treasurer, who has the cashier deposit the checks in the bank. Therefore, the treasurer is responsible for preparing the journal entries, not the mailroom employee or the treasury department cashier.

When a Company Receives Customers' Checks by Mail