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19 votes
19 votes
Which item(s) will require a journal entry to update the balance in the cash account?.

User Jer
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1 Answer

5 votes
5 votes
Examples of items requiring a journal entry as the result of the bank reconciliation include:

Bank service charges which are often shown on the last day of the bank statement. ...

Check printing charges.

Customer checks that were deposited but are now returned as NSF (not sufficient funds)

Bank fees for returned checks.
User Bruno Shine
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