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If a bank reconciliation included a deposit in transit of $790, the entry to record thisreconciling item would includea. a credit to Cash for $790.b. a credit to Prepaid insurance for $790.c. a debit to Cash for $790.d. No entry is required

If a bank reconciliation included a deposit in transit of $790, the entry to record thisreconciling item would includea. a credit to Cash for $790.b. a credit to Prepaid insurance for $790.c. a debit to Cash for $790.d. No entry is required

Principles of Accounting Volume 1
Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter8: Fraud, Internal Controls, And Cash
Section: Chapter Questions
Problem 6EA: The bank reconciliation shows the following adjustments: Deposits in transit: $852 Notes...
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If a bank reconciliation included a deposit in transit of $790, the entry to record this
reconciling item would include
a. a credit to Cash for $790.
b. a credit to Prepaid insurance for $790.
c. a debit to Cash for $790.
d. No entry is required

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