Journal entries are required for the reconciling items on the book side because ________.
A) those transactions have not yet been recorded by the bank
B) the adjusted balances on both sides are the same amounts
C) the amounts are immaterial
D) those transactions have not yet been recorded on the company's books

Question

Quizplus · Accepted Answer

Journal entries are required for the reconciling items on the book side because those transactions have not yet been recorded on the company's books. This is necessary to ensure that the company's accounting records are accurate and reflect all transactions that have occurred.

Journal Entries Are Required for the Reconciling Items on the Book