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If a Bank Reconciliation Included Deposits in Transit Amounting to $1,500

Question 69

Multiple Choice

If a bank reconciliation included deposits in transit amounting to $1,500, the journal entry to record this reconciling item would include:

A) no entry is required
B) a debit to Cash for $1,500
C) a credit to Accounts Receivable for $1,500
D) a credit to Cash for $1,500

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