Which of the following items from the bank reconciliation require a journal entry?
A)bank errors
B)deposits in transit
C)outstanding checks
D)service charge by bank for printing of checks

Question

Quizplus · Accepted Answer

The service charge by the bank for printing of checks requires a journal entry to be recorded in the company's books. This is an expense that needs to be recognized, and the journal entry would debit the expense account and credit the cash account. The other items listed are adjustments that need to be made on the bank reconciliation but do not require journal entries. Bank errors, deposits in transit, and outstanding checks will all be adjusted on the bank reconciliation, but no journal entries are needed.

Which of the Following Items from the Bank Reconciliation Require