1. The journal entry to adjust the records from Nothin' But Organization bank reconciliation would include:

a) the total of outstanding checks

b) deposits in transit

c) notification from the bank of a customer's NSF check

d) correction of any errors made by the bank

2.which of the following bank reconciliation items would be reflected in a journal entry?

a) Error made by the bank

b) Outstanding checks

c) bank service charges

d) deposit in transit

3. Bank interest credited to a depositor's checking account by the bank would be shown on a bank reconciliatiion as:

a) added to the balance per bank statement

b) deducted from the balance per bank statement

c) added to the balance per books

d) deducted from the balance per books

4, a bill payment for $25 is incorrectly recorded on the books as $52. The 27 error should be shown on the bank reconciliation as:

a) added to the balance per bank statement

b) deducted from the balance per bank statement

c) added to the balance per books

d) deducted from the balance per books

5 The May bank statement for Accounting Service shows a balance of $6300, but the balance per books shows a cash balance of $ 7,980. Other information includes:

1 A check for $200 to pay the electric bill was recorded on the books as $20

2 Included on the bank statement was a note collected by the bank for $400 plus interest of $30

3 Checks outstanding totaled $260

4 Bank service charges were $50

Deposits in transit were $2,140

Which item should be debited to cash on the company's books as an adjustment based on the bank reconciliation?

a) deposit in transit

b) check outstanding

c) bank service charge

d) note collected by the bank