If a Bank Reconciliation Included a Deposit in Transit of $670,the

question 112

Multiple Choice

If a bank reconciliation included a deposit in transit of $670,the company's journal entry for this reconciling item would include:

• A) nothing, because the deposit has already been recorded
• B) a debit to Cash of $670
• C) a credit to Cash of $670
• D) a credit to Accounts Receivable for $670

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Definitions:

Maintenance-Related

Pertaining to the activities, strategies, and practices involved in preserving and keeping equipment, systems, or infrastructure in optimal working condition.

Conflict

A disagreement or argument between parties due to differing opinions, values, or interests.

Reduce Tension

Involves actions or strategies aimed at lowering anxiety, stress, or conflict in a situation or environment.

Facilitator

An individual who aids a group in learning or achieving its goals by guiding discussions and processes without directing the outcome.