Ask Question
13 April, 15:26

In comparing the canceled checks on the bank statement with the entries in the accounting records, it is found that check number 2889 for December's utilities was correctly written and drawn for $790 but was erroneously entered into the accounting records as $970. The journal entry to adjust the books for the bank reconciliation would include a debit to:ComapnyRectFactNone of the above

+5
Answers (1)
  1. 13 April, 15:27
    0
    Utility expense is excess debited in accounting record by $ 180 and credted to cash by $ 180, So the journal entry to adjust the bank reconcilation would be

    Cash debit $ 180, utilities credit by $ 180
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “In comparing the canceled checks on the bank statement with the entries in the accounting records, it is found that check number 2889 for ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers