Multiple Choice
While preparing the bank reconciliation, you notice that a check, written by the company for $750, has been outstanding for 5 months.What is the best action for you to take?
A) Void the check.If it has not been cashed in 5 months, it will never be cashed.
B) Issue a replacement check because you assume the original check has been lost.
C) Wait 3 more months to give the bank more time to clear the check.
D) Investigate to determine why the check has not cleared.
Correct Answer:

Verified
Correct Answer:
Verified
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