Which of the following bank reconciliation items would not result in a journal entry?
A) Service charge
B) Outstanding checks
C) A customer's check returned NSF
D) Interest earned on deposits

Name: Which of the following bank reconciliation items would not result in a journal entry? A) Service charge B) Outstanding checks C) A customer's check returned NSF D) Interest earned on deposits
Brand: Quizplus
Rating: 4.9 (44 reviews)

Question

Quizplus · Accepted Answer

Outstanding checks do not result in a journal entry because they have not yet cleared the bank.

Which of the Following Bank Reconciliation Items Would Not Result