An adjusting entry for a bank reconciliation is not required

An adjusting entry for a bank reconciliation is not required for a) outstanding checks b) collection of a note by the bank c) Not sufficient funds (NSF) check d) Bank services charges red

Solution

Dear Student Thank you for using Chegg Please find below the answer Statementshowing Computations Paticulars An adjusting entry for a bank reconciliation is not required for   a) Outstanding checks For collection of note by bank adjusting entry need to be made by the company as note is collected. NSF Check - entry should be made by the company as entry would be Bank Dr To Account receivable cr Bank service charges - Entry should be made by the company as entry would be Bank Service charge Dr To Bank