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A deposit in transit: The amount of the interest is added directly to the depositor's bank account disbursements that have been properly recorded as

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A deposit in transit: The amount of the interest is added directly to the depositor's bank account disbursements that have been properly recorded as cash deductions on the depositor's books a cash deposit that is recorded in the depositor's accounting records (i.e. the company) but has not been added to the depositor's account by the bank and therefore must be added to the unadjusted bank balance The bank adds the collection directly to the depositor's account and notifies the depositor about the collection through a credit memo that is included on the bank statement D Question 4 An outstanding check is: 0.25 pts a cash deposit that is recorded in the depositor's accounting records (i.e. the company) but has not been added to the depositor's account by the bank and therefore must be added to the unadjusted bank balance guaranteed for payment by a bank. Whereas a regular check is deducted from the customer's account when it is presented for payment, a certified check is deducted from the customer's account when the bank certifies that the check is good a check that a company obtains from its customers and deposits in its checking account; however, when the check is submitted to the customers' banks for payment, the banks refuse payment because there is insufficient money in the customer's accounts. a disbursement that has been properly recorded as a cash deduction on the depositor's (i.e. the company) books; however, the bank has not deducted the amount from the depositor's bank account because the check has not yet been presented by the payee (the customer) to the bank for payment; that is, the check has not cleared the bank.

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