If a Bank Reconciliation Included $600 of Outstanding Cheques, the Journal

question 14

Multiple Choice

If a bank reconciliation included $600 of outstanding cheques, the journal entry to record this reconciling item would include:

• A) a credit to Accounts Payable of $600
• B) a credit to Cash of $600
• C) a debit to Cash of $600
• D) no entry is required

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Definitions:

Empathize

The ability to understand and share the feelings of another, putting oneself in their position.

Participation

The involvement or contribution of individuals in a group or activity to achieve collective goals.

Input

Contributions or information provided for a specific purpose, often used in the context of feedback or data given to enhance a process or project.

Leadership

The ability to guide, influence, and inspire a group towards achieving a common goal.