In the Reconciliation of the June Bank Statement, a Deposit

question 67

Multiple Choice

In the reconciliation of the June bank statement, a deposit made on June 30 did not appear on the June bank statement. In preparing the bank reconciliation, this deposit in transit should be

• A)subtracted from the unadjusted book balance.
• B)added to the unadjusted bank balance.
• C)subtracted from the unadjusted bank balance.
• D)added to the unadjusted book balance.

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Definitions:

Lewis Structure

A diagram that represents the valence electrons of atoms within a molecule, illustrating the bonding between atoms and the existence of lone pairs of electrons.

Acetic Acid

A weak, organic acid that gives vinegar its characteristic smell and sour taste; used as a chemical reagent.

Lone Pairs

Electron pairs in the outer shell of an atom that are not involved in chemical bonding.

Orbital

An equation that represents the wave-like actions of one or two electrons in an atomic structure.