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What needs to be journalized as adjusting entry for this bank reconciliation? a. No adjusting Entries are needed. b. Mostly the book side needs adjustments. c. Anything that has been adjusted in the company record (Book) side of the bank reconciliation d. Anything that has been adjusted in the bank side of the bank reconciliation.

What needs to be journalized as adjusting entry for this bank reconciliation? a. No adjusting Entries are needed. b. Mostly the book side needs adjustments. c. Anything that has been adjusted in the company record (Book) side of the bank reconciliation d. Anything that has been adjusted in the bank side of the bank reconciliation.

College Accounting (Book Only): A Career Approach
College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter6: Bank Accounts, Cash Funds, And Internal Controls
Section: Chapter Questions
Problem 4PA
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What needs to be journalized as adjusting entry for this bank reconciliation?

a. No adjusting Entries are needed.

b. Mostly the book side needs adjustments.

c. Anything that has been adjusted in the company record (Book) side of the bank reconciliation

d. Anything that has been adjusted in the bank side of the bank reconciliation.

 

Dine-Corp International publishes ratings and reviews of the world's finest restaurants. Following are facts you need to prepare Dine-Corp's March bank reconciliation: Balance per company records at end of month Bank service charge for the month NSF check returned with bank statement Note collected by the bank during the month Outstanding checks at month end Interest on note collected during the month Balance per bank at end of month Deposit in transit at month end 72,644.12 44 1,440.66 45,000 31,553.57 4,500 144,223.99 7,989.04
Transcribed Image Text:Dine-Corp International publishes ratings and reviews of the world's finest restaurants. Following are facts you need to prepare Dine-Corp's March bank reconciliation: Balance per company records at end of month Bank service charge for the month NSF check returned with bank statement Note collected by the bank during the month Outstanding checks at month end Interest on note collected during the month Balance per bank at end of month Deposit in transit at month end 72,644.12 44 1,440.66 45,000 31,553.57 4,500 144,223.99 7,989.04
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