If a Bank Reconciliation Included Deposits in Transit Amounting to $3,700

question 137

Multiple Choice

If a bank reconciliation included deposits in transit amounting to $3,700, the journal entry to record this reconciling item:

• A)should debit Deposit in Transit and credit Cash for $3,700.
• B)should debit Cash and credit Deposit in Transit for $3,700.
• C)should debit Accounts Receivable and credit Cash for $3,700.
• D)is not required.

---

Definitions:

Polypropylene

A thermoplastic polymer made through the polymerization of propylene, used in packaging, textiles, and various types of containers.

Carbonate Ester

An organic compound formed by the reaction of a carbonate ion with an alcohol, often used as solvents and intermediates in chemical synthesis.

Glass Transition Temperature

The temperature range over which a polymer changes from a hard, glassy state to a soft, rubbery state.

Polymer

A large molecule or macromolecule composed of many repeated subunits.