Question
After preparing the bank reconciliation, journal entries must be prepared for a.only deposits in transit. b.all items on the bank's side. c.only outstanding checks. d.any
After preparing the bank reconciliation, journal entries must be prepared for
a.only deposits in transit.
b.all items on the bank's side.
c.only outstanding checks.
d.any errors made on the books revealed by the bank reconciliation.
e.any errors made by the bank revealed by the bank reconciliation.
Which of the following would be added to the ledger balance of cash when preparing a bank reconciliation?
a.bank service charges.
b.deposit in transits.
c.outstanding checks.
d.notes collected by the bank.
B. Hallonon shows a balance in her Cash account of $360, but the bank statement just received shows a balance of $460. The difference of $100 may be caused by
a.a deposit in transit of $100.
b.an NSF check for $100.
c.interest income of $50.
d.an outstanding check for $100.
e.a debit memo for $100.
The ledger balance of cash may differ from the bank statement balance because of
a.service charges.
b.deposits in transit.
c.outstanding checks.
d.NSF checks.
e.All of these choices are correct.
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