Team Shirts made a deposit of $150 on March 31 to its account at First Bank.The deposit did not appear on the March bank statement.On its bank reconciliation,Team Shirts should ________.

Question

Quizplus · Accepted Answer

The deposit of $150 made by Team Shirts on March 31 would not yet appear on the March bank statement due to timing differences. Therefore, in the bank reconciliation process, this amount should be added to the balance per bank statement to reflect the actual cash balance.

Team Shirts Made a Deposit of $150 on March 31