You are watching: Which of the following bank reconciliation items would be reflected in a journal entry?
Check that has been processed by the bank and are no much longer negotiable are:A. checks in progressB. Deposits in transitC. Outstanding checksD. Cancelled checks
An instance of electronic funds transfer is:A. a move of funds by composing a checkB. A transfer of funds without the use of paper checksC. the very same as a deposit in transitD. All of these are correct
Which of the adhering to transactions would certainly be taped in an auxiliary petty cash record?A. Purchase of initially aid suppliesB. Acquisition of $2,400 item of EquipmentC. Payment of Incomes ExpenseD. Owner withdraws of $1,200
Cash Short or Over is:A. a misc. Expense accountB. a misc. Revenue accountC. a misc Expense or misc. Revenue account depending upon the balance of the accountD. an asset or liability depending on the balance of the account.
Which of the following financial institution reconciliation items would certainly be reflected in a journal entry?A. Error made by the bankB. Deposit in transitC. Outstanding checksD. Bank service charges
The delittle bit recorded in the journal to create the petty cash money is to:A. Petty cashB. CapitalC. CashD. Accounts Payable
When the bank pays a examine created by the agency, it would:A. crmodify the customer"s financial institution account.B. delittle the customer"s bank accountC. debit the cash account on the company"s booksD. No increase or decrease is made to the company"s bank account.
The bank would certainly worry a crmodify memorandum to Jane"s Life Management when the bank:A. uncovered a inspect that was deposited was refunded for NSFB. obtained the deposits in transitC. collects a note receivable from a customerD. None of these answers are correct
The crmodify recorded in the journal to replenish the petty cash fund is to:A. Petty cashB. Accounts receivableC. Miscellaneous ExpenseD. Cash
Bank interemainder earned on a checking account would certainly be presented on the bank reconciliation as:A. deducted from the financial institution balance per booksB. added to the balance per booksC. deducted from the balance per bank statementD. added to the bank balance per bank statement
A empty endorsement on a check:A. is the safest kind of endorsementB. can be even more endorsed by someone elseC. Permits only the original endorser to get the moneyD. Cannot be further endorsed by someone else.
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