Multiple Choice
Johnny Company deposited $25,000 in its bank on the same day as,but after the bank prepared Johnny Company's bank statement.The deposit should appear on the bank reconciliation as a(n) ________ and is called a(n) :
A) addition to the bank balance;outstanding deposit
B) addition to the bank balance;deposit in transit
C) subtraction from the bank balance;deposit in transit
D) subtraction from the bank balance;outstanding deposit
Correct Answer:

Verified
Correct Answer:
Verified
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