Knowledge Booster Show Learn more about Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below. Recommended textbooks for you  FINANCIAL ACCOUNTING ISBN:9781259964947 Author:Libby Publisher:MCG Accounting ISBN:9781337272094 Author:WARREN, Carl S., Reeve, James M., Duchac, Jonathan E. Publisher:Cengage Learning, Accounting Information Systems ISBN:9781337619202 Author:Hall, James A. Publisher:Cengage Learning, Horngren's Cost Accounting: A Managerial Emphasis... ISBN:9780134475585 Author:Srikant M. Datar, Madhav V. Rajan Publisher:PEARSON Intermediate Accounting ISBN:9781259722660 Author:J. David Spiceland, Mark W. Nelson, Wayne M Thomas Publisher:McGraw-Hill Education Financial and Managerial Accounting ISBN:9781259726705 Author:John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles Publisher:McGraw-Hill Education FINANCIAL ACCOUNTING ISBN:9781259964947 Author:Libby Publisher:MCG Accounting ISBN:9781337272094 Author:WARREN, Carl S., Reeve, James M., Duchac, Jonathan E. Publisher:Cengage Learning, Accounting Information Systems ISBN:9781337619202 Author:Hall, James A. Publisher:Cengage Learning, Horngren's Cost Accounting: A Managerial Emphasis... ISBN:9780134475585 Author:Srikant M. Datar, Madhav V. Rajan Publisher:PEARSON Intermediate Accounting ISBN:9781259722660 Author:J. David Spiceland, Mark W. Nelson, Wayne M Thomas Publisher:McGraw-Hill Education Financial and Managerial Accounting ISBN:9781259726705 Author:John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles Publisher:McGraw-Hill Education checks are $1,835. The balance per books at November 30 is $6,910.What is the adjusted bank balance at November30?C Get answer to your question and much more 34) The ending bank statement balance at November 30 is $6,750. The bank statement shows a service charge of$95, electronic funds receipts of $500 and a NSF check for $350. Deposits in transit total $2,050 and outstandingchecks are $1,835. The balance per books at November 30 is $6,910. What is the adjusted book balance atNovember 30?C Get answer to your question and much more 35) Marjorie Company's cash balance per the books at the end of the month was $6,500. After comparing thecompany's records with the monthly bank statement, Marjorie's accountant identified the following reconcilingitems: outstanding checks, $800; deposits in transit, $700; bank service charge, $30; and NSF check, $500. The bankcollection of a note receivable was $1,000 plus interest of $100. There also was an EFT payment of $100. What isthe adjusted book balance at the end of the month?D Get answer to your question and much more 36) When preparing the bank reconciliation, if the the adjusted book balance and the adjusted bank balance disagree,this may indicate:A) an error made in preparing the bank reconciliationB) stealing of cash by an employee in the businessC) fraudulent financial reportingD) A and BAnswer:D 5TEST BANKFinancial Accounting, 10e(Harrison/Horngren/Thomas) 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.
Which of the following bank reconciliation items would not require a journal entry after completing the bank reconciliation?After preparing a bank reconciliation, no adjusting journal entries need to be made for outstanding checks or deposits in transit.
Which of the following items will require a journal entry of the company's book?Correct answer: Option a) Bank Service Charge. Explanation: Bank service charges are the charges imposed by the bank and directly deducted from the bank account of the account holder and are reflected on the last day of the bank statement.
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Which of the following items from the bank reconciliation require a journal entry?
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