While Preparing the Bank Reconciliation, You Notice That a Check

question 171

Multiple Choice

While preparing the bank reconciliation, you notice that a check, written by the company for $750, has been outstanding for 5 months.What is the best action for you to take?

• A)Void the check.If it has not been cashed in 5 months, it will never be cashed.
• B)Issue a replacement check because you assume the original check has been lost.
• C)Wait 3 more months to give the bank more time to clear the check.
• D)Investigate to determine why the check has not cleared.

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