Solved

Following the Completion of the Bank Reconciliation, an Adjusting Entry

Question 81

Multiple Choice

Following the completion of the bank reconciliation, an adjusting entry was made that debited cash and credited Interest Revenue. Therefore the bank reconciliation must have included an item that was


A) deducted from the balance per company's records
B) deducted from the balance per bank statement
C) added to the balance per bank statement
D) added to the balance per company's records

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents