A review of the bank statement and accounting records of the Blake Company revealed the following items: Which of the item(s) would be added to the unadjusted bank balance to determine the true cash balance?

Question

A review of the bank statement and accounting records of the Blake Company revealed the following items:  Which of the item(s) would be added to the unadjusted bank balance to determine the true cash balance?

Quizplus · Accepted Answer

Deposits in transit increase a company's cash balance, and have already been recorded by Blake, so they should be added to the unadjusted bank balance.

A Review of the Bank Statement and Accounting Records of the Blake