Which of the following bank reconciliation items would result in a journal entry?
A)Checks outstanding
B)An adjustment for a check recorded for the wrong amount
C)Deposits in transit
D)A bank error on the bank statement

Question

Quizplus · Accepted Answer

An adjustment for a check recorded for the wrong amount would require a journal entry to fix the error. The other items listed are reconciling items that do not require journal entries. Checks outstanding and deposits in transit will simply be reconciled on the bank statement with the company's records. A bank error on the bank statement will be corrected by the bank and noted on the next statement.

Which of the Following Bank Reconciliation Items Would Result in a Journal