The Following Information Applies to the Questions Below

question 113

Multiple Choice

The following information applies to the questions below:
Listed below are four interbank cash transfers, indicated by the numbers 1, 2, 3, and 4, of a client for late December 2013 and early January 2014:

-Based on the schedule of interbank transfers above, which of the cash transfers would appear as a deposit in transit on the December 31, 2013 bank reconciliation?

• A)1
• B)2
• C)3

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Definitions:

Free Blacks

African Americans who were not enslaved, living primarily in the North and parts of the South before the Civil War.

Era

A period marked by distinctive character, events, or circumstances.

Black Women

Women of African descent, who have historically faced intersecting forms of discrimination and oppression but have also been at the forefront of various forms of social, cultural, and political leadership.

Philadelphia

A historic city in the United States known for its rich history, including being the site of major events like the signing of the Declaration of Independence and the Constitution.