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If a Bank Reconciliation Included a Deposit in Transit of $670,the

Question 112

Multiple Choice

If a bank reconciliation included a deposit in transit of $670,the company's journal entry for this reconciling item would include:


A) nothing, because the deposit has already been recorded
B) a debit to Cash of $670
C) a credit to Cash of $670
D) a credit to Accounts Receivable for $670

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