In preparing a bank reconciliation, a deposit in transit is added to the ledger balance of cash.
Correct Answer:
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Q67: A special fund maintained to pay relatively
Q68: A deposit in transit has been recorded
Q69: Petty cash payments do not need to
Q70: The information needed to record journal entries
Q71: The Petty Cash Fund balance of cash
Q73: On a bank statement, an NSF check
Q74: An entry is made to the Change
Q75: The amount on the cash register tape
Q76: A journal entry debiting Cash and crediting
Q77: On a bank reconciliation, a debit memorandum
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