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?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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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
Bank Accounts
From
National Federal
County State
Federal American
Dec. 31
State Republic Jan. 2
To
Disbursement Date
Per Books Per Bank
Dec. 30
Jan. 4
Jan. 2
Jan. 3
Jan. 3
Jan. 2
Receipt Date
Per Books
Dec. 30
Dec. 30
Jan. 2
Jan. 2
Per Bank
Jan. 3
Dec. 31
Which of the following checks illustrate deposits/transfers in transit at December 31, 2005?
Jan. 2
Dec. 31
Transcribed Image Text: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 Bank Accounts From National Federal County State Federal American Dec. 31 State Republic Jan. 2 To Disbursement Date Per Books Per Bank Dec. 30 Jan. 4 Jan. 2 Jan. 3 Jan. 3 Jan. 2 Receipt Date Per Books Dec. 30 Dec. 30 Jan. 2 Jan. 2 Per Bank Jan. 3 Dec. 31 Which of the following checks illustrate deposits/transfers in transit at December 31, 2005? Jan. 2 Dec. 31
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