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please highlight the answer 1) The bank reconciliation is done to see if A) All deposits recorded in the books made it into the bank
please highlight the answer
1) The bank reconciliation is done to see if
A) All deposits recorded in the books made it into the bank for the same amounts
B) All checks written were cashed by the payee for the same amount
C) Both A and B
D) Neither A nor B
2) Outstanding checks are checks that
A) Have not yet been deposited or cashed by the payee
B) Are very good
C) Have been voided
D) Have gold edges
3) Deposits in transit are deposits
A) Made while riding the bus
B) Recorded in the companys books but not the bank because it was closed for the day
C) That show up on the bank statement the first day of the next month
D) Both B and C
4) The company has to make journal entries to correct for
A) Items the bank had but the companys books did not
B) Items the companys books had but the bank did not
C) Outstanding checks
D) Deposits in transit
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