If a bank reconciliation included deposits in transit amounting to $1,500, the journal entry to record this reconciling item would include A. a debit to Cash for $1,500 B. a credit to Accounts Receivable for $1,500 OC. a credit to Cash for $1,500 OD. no entry is required

If a bank reconciliation included deposits in transit amounting to $1,500, the journal entry to record this reconciling item would include A. a debit to Cash for $1,500 B. a credit to Accounts Receivable for $1,500 OC. a credit to Cash for $1,500 OD. no entry is required

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter7: Accounting For Cash

Section: Chapter Questions

Problem 3MC

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Concept explainers

Bank Reconciliation Statement

As a commerce student, we all know that every business has to maintain a cash book to maintain all his cash and bank transactions. A cash book is a book which has two columns, one cash column and one bank column.

Question

Please help me .

Thankyou.

If a bank reconciliation included deposits in transit amounting to $1,500, the journal entry to record this reconciling item would include
A. a debit to Cash for $1,500
B. a credit to Accounts Receivable for $1,500
C. a credit to Cash for $1,500
OD. no entry is required

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