In Preparing the Monthly Bank Reconciliation,Jon Ltd Ascertains That There

Multiple Choice

In preparing the monthly bank reconciliation,Jon Ltd ascertains that there is a note collected by the bank for $500 and an interest on overdraft charge of $760.Outstanding cheques total $9400 and there is a deposit in transit for $2900.It will be necessary to make journal entries for:

A) the outstanding cheques of $9400 and the deposit in transit of $2900
B) the note collected for $500 and the interest charge of $760
C) only the interest on overdraft charge of $760
D) the note collected for $500,the interest charge of $760 and outstanding cheques of $9400.