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Which the journal entries for a bank reconciliation

Assignment Help Financial Accounting
Reference no: EM132745963

Problem 1: The journal entries for a bank reconciliation

a. are taken from the "balance per bank" section only.

b. may include a debit to Office Expense for bank service charges.

c. may include a credit to Accounts Receivable for an NSF check.

d. may include a debit to Accounts Payable for an NSF check.

Problem 2: When preparing a bank reconciliation, bank credits are

a. added to the bank statement balance.

b. deducted from the bank statement balance.

c. added to the balance per books.

d. deducted from the balance per books.

Reference no: EM132745963

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