Use the following to answer questions
Indicate how each event affects the elements of financial statements.Use the following letters to record your answer in the box shown below each element.You do not need to enter amounts.Enter only one letter for each element.

-In preparing the bank reconciliation of Heath Company,an employee found that the company had deposits in transit of $2,200.

Question

Use the following to answer questions
Indicate how each event affects the elements of financial statements.Use the following letters to record your answer in the box shown below each element.You do not need to enter amounts.Enter only one letter for each element.
 
-In preparing the bank reconciliation of Heath Company,an employee found that the company had deposits in transit of $2,200.

Quizplus · Accepted Answer

The Answer of Use the following to answer questions
Indicate how each event affects the elements of financial statements.Use the following letters to record your answer in the box shown below each element.You do not need to enter amounts.Enter only one letter for each element.
 
-In preparing the bank reconciliation of Heath Company,an employee found that the company had deposits in transit of $2,200.

Use the Following to Answer Questions