If a bank reconciliation included a deposit in transit of $880, the entry to record this reconciling

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If a bank reconciliation included a deposit in transit of $880, the entry to record this reconciling item would include a

a. credit to cash for $880.

c. credit to prepaid insurance for $880.

b. debit to cash for $880.

d. no entry is required.

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Financial Accounting International Financial Reporting Standards

ISBN: 9780273777809

1st Global Edition

Authors: Walter T Harrison, Charles Horngren, Bill Thomas, Themin Suwardy

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Question Posted: Jul 26, 2024 02:01 AM

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If a bank reconciliation included a deposit in transit of $880, the entry to record this reconciling

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Financial Accounting International Financial Reporting Standards

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