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Yes or No question. For each of the items listed below, indicate whether the company needs to prepare a journal entry relating to this item
Yes or No question.
For each of the items listed below, indicate whether the company needs to prepare a journal entry relating to this item to adjust the book balance to the correct balance? 1. The company's bank reconciliation on June 30 included outstanding checks that totaled $4,000 at June 30 2. The company's bank reconciliation on June 30 included deposits in transit that totaled $3,000 on June 30 3 The company's bank reconciliation on June 30 included a credit memorandum in the amount of $150 for interest. The company's bank reconciliation on June 30 included check #1221 (in payment of an account payable) written 4. for $4,900, but recorded in the accounting records as $4,090Step by Step Solution
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