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Which of the following does not require an adjustment to the financial records? Multiple Choice deposits in transit bank service charge check that was incorrectly
Which of the following does not require an adjustment to the financial records? Multiple Choice deposits in transit bank service charge check that was incorrectly recorded by the firm at $115 but was paid by the bank at its correct amount of $1,115 an NSF check from a customer On the bank reconciliation statement, you would not find a list of: Multiple Choice deposits in transit. canceled checks. outstanding checks. NSF checks. The following data was taken from a firm's bank reconciliation statement: book balance, $7,910; deposit in transit, $150; NSF check from a customer, $200; outstanding checks, $5,000; bank service charge, $10. Its adjusted book balance is Multiple Choice $7,720 $8,120 $7,700 $8,100 Which of these bank reconciliation items require journal entries? Multiple Choice outstanding checks deposits in transit a check properly written by the company but paid at the wrong amount by the bank an NSF check from a customer On the bank reconciliation, outstanding checks should be Multiple Choice added to the balance on bank statement. deducted from the balance on bank statement. added to the balance in books. deducted from the balance in books
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