No journal entries are required for the reconciling items on the bank side because ________.
A) those transactions have already been recorded in the company's journal
B) the adjusted balances on both sides are the same amounts
C) the amounts are immaterial
D) those transactions are already included in the bank balance

Question

Quizplus · Accepted Answer

The correct answer is A because those transactions have already been recorded in the company's journal.

No Journal Entries Are Required for the Reconciling Items on the Bank