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When doing a Bank Reconciliation, which of the following items will not require you to do a correcting journal entry a) Bank service charges O
When doing a Bank Reconciliation, which of the following items will not require you to do a correcting journal entry a) Bank service charges O b) The bank collected a note receivable on your behalf and credited your account O c) All of the above o d) You wrote a cheque to a supplier and incorrectly entered it in the Cash account for the wrong amount. The bank cleared it for the correct amount e) Deposits in transit On Jan 4 you provide services for a customer. A $1,000 invoice is given to your customer on Jan 5 with 3/10, n/30 terms. If the customer pays on Jan 9, the transaction on Jan 9 will be: a) Dr. Cash $970 & Sales Discounts $30: Cr. Accounts Receivable $1,000 b) Dr. Cash $970: Cr. Accounts Receivable $970 c) Dr. Accounts Receivable $1.000: Cr. Cash $1,000 d) Dr. Accounts Receivable $1.000: Cr. Cash $970 & Sales Discounts $30 None of the abov
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