Which of the following does not require a journal entry for a bank reconciliation?

Question

Quizplus · Accepted Answer

Outstanding checks are checks that have been written by the company but have not yet been cleared by the bank. They do not require a journal entry in the company's books during bank reconciliation because they have already been recorded when the checks were issued. The reconciliation process simply accounts for the timing difference between when the check was recorded in the company's books and when it clears the bank.

Which of the Following Does not Require a Journal Entry