The information below was taken from the bank transfer schedule prepared during the audit of Fox Co.'s financial statements for the year ended December 31, 2005. Assume all checks are dated and issued on December 30, 2005. Check No. 101 202 303 404 Disbursement Date Per Books Per Bank Dec. 30 Jan. 4 Jan. 2 Bank Accounts From To National Federal County State Jan. 3 Federal American Dec. 31 State Republic Jan. 2 Jan. 3 Jan. 2 Receipt Date Per Books Dec. 30 Dec. 30 Jan. 2 Jan. 2 Per Bank Jan. 3 Dec. 31 Jan. 2 Dec. 31 Which of the following checks illustrate deposits/transfers in transit at December 31, 2005?
The information below was taken from the bank transfer schedule prepared during the audit of Fox Co.'s financial statements for the year ended December 31, 2005. Assume all checks are dated and issued on December 30, 2005. Check No. 101 202 303 404 Disbursement Date Per Books Per Bank Dec. 30 Jan. 4 Jan. 2 Bank Accounts From To National Federal County State Jan. 3 Federal American Dec. 31 State Republic Jan. 2 Jan. 3 Jan. 2 Receipt Date Per Books Dec. 30 Dec. 30 Jan. 2 Jan. 2 Per Bank Jan. 3 Dec. 31 Jan. 2 Dec. 31 Which of the following checks illustrate deposits/transfers in transit at December 31, 2005?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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