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 cashier in the treasury department prepares the journal entries.

Question

Quizplus · Accepted Answer

This is the most common and efficient process in which the mailroom receives the checks, sends them to the treasurer, who then has the cashier deposit them in the bank account. The treasurer is responsible for preparing the necessary journal entries for the transaction.

When a Company Receives Customers' Checks by Mail