Which of the following items that appeared on the bank reconciliation did not require an adjusting entry?
A) bank service charges
B) deposits in transit
C) NSF checks
D) A check for $630, recorded in the check register for $360.

Question

Quizplus · Accepted Answer

Deposits in transit do not require an adjusting entry since they have already been recorded in the company's books but have not yet cleared with the bank. The other items (bank service charges, NSF checks, and the incorrectly recorded check) require adjusting entries to properly reflect the correct cash balance in the company's records.

Which of the Following Items That Appeared on the Bank