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LeBaron Corporations identified deposits in transit (outstanding deposits) of $7,412in preparing to do its bank reconciliation. When doing the bank reconciliation, what should LeBaron do
LeBaron Corporations identified deposits in transit (outstanding deposits) of $7,412in preparing to do its bank reconciliation. When doing the bank reconciliation, what should LeBaron do with the deposits in transit?
Question 6 options:
| Add the deposits in transit to their cash balance. |
| Add the deposits in transit to the bank balance. |
| Subtract the deposits in transit from the bank balance. |
| Subtract the deposits in transit from their cash balanc |
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