In the bank reconciliation, the deposit in transit should be added to the bank cash balance * True False Notes Payable can be classified as either current or long-term assets depending on their duration * True False In the bank reconciliation, the outstanding checks should be added to the bank cash balance * True False Prepaid Insurance is always classified as current assets * True False Allowance for Doubtful Account is a contra-asset account that should be deducted from the receivables * True False