In a bank reconciliation, which of the following will require a journal entry by the company Quizlet

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Which of the following will require a journal entry in a bank reconciliation?
Which of the following items on a bank reconciliation would require an entry on the company's books?
Which of the following items from the bank reconciliation require a journal entry quizlet?
Which of the following items on a bank reconciliation would not require a journal entry?

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Which of the following will require a journal entry in a bank reconciliation?

Examples of Journal Entries for Bank Reconciliation Check printing charges. Customer checks that were deposited but are now returned as NSF (not sufficient funds) Bank fees for returned checks. Corrections made by the bank for the company's errors in its deposits.

Which of the following items on a bank reconciliation would require an entry on the company's books?

The correct answer is c. Based on the choices, only a bank service charge is considered a book reconciling item. The other choices do not need to be adjusted in the books. The entry to adjust the bank service charge account includes a debit to bank service charge, which is treated as an expense, and a credit to cash.

Which of the following items from the bank reconciliation require a journal entry quizlet?

Deposits-in-transit and outstanding checks are always adjusted on the bank's side of the bank reconciliation. All items on the bank side of the reconciliation require journal entries.

Which of the following items on a bank reconciliation would not require a journal entry?

Answer and Explanation: Outstanding checks are recorded already in the book, so it is a bank reconciling item. The company would prepare journal entries for book reconciling items only. Thus, outstanding checks do not need journal entry.