If a bank reconciliation included a deposit in transit of $670,the company's journal entry for this reconciling item would include:
A) nothing, because the deposit has already been recorded
B) a debit to Cash of $670
C) a credit to Cash of $670
D) a credit to Accounts Receivable for $670
Correct Answer:
Verified
Q121: In a bank reconciliation,an outstanding check is:
A)deducted
Q132: Which of the following is deducted from
Q133: In comparing the canceled checks on the
Q133: Which of the following would be deducted
Q135: While preparing the bank reconciliation for March,the
Q136: The following information was available to the
Q138: Mason Company gathered the following information from
Q140: If the company's accountant mistakenly recorded a
Q142: Flynn Company's monthly bank statement showed the
Q143: When the petty cash fund is replenished:
A)Cash
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents