Question
Please answer all three questions and don't skip any of these Question 1) You are given the following complete trial balance: Debits Credits Account A
Please answer all three questions and don't skip any of these
Question 1) You are given the following complete trial balance:
| Debits | Credits |
Account A | $536 |
|
Account B | 727 |
|
Account C | 343 |
|
Account D | 436 |
|
Account E |
| $1,044 |
Account F |
| 322 |
Account G |
| 218 |
Account H |
| 894 |
| $2,042 | $2,478 |
Account A
Account B
Account C
Account D
Account E
Account F
Account G
Account H
Question 2) After completing the bank reconciliation, journal entries are required:
only for adjustments made to the book side | ||
only for adjustments made to the bank side | ||
for adjustments made to the book side and for adjustments made to the bank side |
Question 3) The following checks were outstanding when you did last months bank reconciliation and remain outstanding this month: Check number Amount 3452 $1,000 3454 1,500 3455 2,000 What adjustment should you make this month?
Increase the book balance by $4,500
Increase the bank balance by $4,500
Reduce the book balance by $4,500
Reduce the bank balance by $4,500
No adjustment needed because they were outstanding last month
Please don't skip any answer all the three questions and be sure they are correct I will upvote you for this.
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