If a Bank Reconciliation Included a Deposit in Transit of $1,240,the

question 156

Multiple Choice

If a bank reconciliation included a deposit in transit of $1,240,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 $1,240.
• C)a credit to Cash of $1,240.
• D)a credit to Accounts Receivable for $1,240.

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Definitions:

Personality Traits

Enduring characteristics that describe an individual's behavior, attitude, and emotional responses, typically consistent over time.

Independent Evidence

Information or proof that supports a claim, separate from and not relying on other pieces of evidence.

Five-Factor Model

A theory identifying five basic personality traits, including openness to experience, conscientiousness, extraversion, agreeableness, and neuroticism.

Extraversion

Extraversion is a personality trait characterized by energy creation from external sources, often involving enthusiasm for socializing and engaging in activities with others.