Which item(s) will require a journal entry to update the balance in the cash account?.

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24-12-2021
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Which item(s) will require a journal entry to update the balance in the cash account?.

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mika64 mika64 · Answer 1 · 2021-12-25T19:00:09+01:00

mika64 mika64

25-12-2021

Examples of items requiring a journal entry as the result of the bank reconciliation include:

Bank service charges which are often shown on the last day of the bank statement. ...

Check printing charges.

Customer checks that were deposited but are now returned as NSF (not sufficient funds)

Bank fees for returned checks.

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