Question: After preparing a bank reconciliation, a journal entry would be required for which of the following. A. A deposit in transit. B. A check for

After preparing a bank reconciliation, a journal entry would be required for which of the following. A. A deposit in transit. B. A check for $48 given to a supplier but not yet recorded by the company's bank. C. Interest earned on the company's bank account. D. A deposit made by a company with a similar name and credited to your account. A bank reconciliation explains the difference between A cash receipts and cash disbursements for the period. B. the balance of cash in the bank and the budgeted expenditures for the upcoming accounting period. c. the balance per bank statement and the cash balance per the account records of the depositor D. the balance per bank statement and cash expected to be on hand according to the cash forecast
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