Entries Based on Bank Reconciliation Which of the reconciling items listed below require an entry in the company's accounts? (None of the transactions reported by bank debit and credit memos have been recorded by the company.) Item Entry Required 1. Bank service charges. 2. NSF check returned to company by the bank. 3. Check incorrectly recorded by company. 4. Check incorrectly charged by bank. 5. Deposit in transit. 6. Outstanding checks. 7. Note collected by bank.
Entries Based on Bank Reconciliation Which of the reconciling items listed below require an entry in the company's accounts? (None of the transactions reported by bank debit and credit memos have been recorded by the company.) Item Entry Required 1. Bank service charges. 2. NSF check returned to company by the bank. 3. Check incorrectly recorded by company. 4. Check incorrectly charged by bank. 5. Deposit in transit. 6. Outstanding checks. 7. Note collected by bank.
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter7: Accounting For Cash
Section: Chapter Questions
Problem 2CE
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Entries Based on Bank Reconciliation
Which of the reconciling items listed below require an entry in the company's accounts? (None of the transactions reported by bank debit and credit memos have been recorded by the company.)
| Item | Entry Required |
| 1. Bank service charges. | |
| 2. NSF check returned to company by the bank. | |
| 3. Check incorrectly recorded by company. | |
| 4. Check incorrectly charged by bank. | |
| 5. Deposit in transit. | |
| 6. Outstanding checks. | |
| 7. Note collected by bank. |
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