Answer the following statements true (T) or false (F)
1. If the bank reconciliation includes a bank service charge, a journal entry is required, which debits Bank Expense and credits Cash.
2. If the bank reconciliation includes a deposit in transit, a journal entry is required that includes a debit to cash.
3. Journal entries are required if the bank reconciliation includes outstanding checks.
4.Journal entries are required if the bank reconciliation includes a book error.
1. TRUE
2. FALSE
3. FALSE
4. TRUE
You might also like to view...
Mutation is a mathematical method of handling imprecise or subjective information.
Answer the following statement true (T) or false (F)
If you are using a webcam, , look frequently at the camera (rather than at the screen) so people feel that you are making eye contact
Indicate whether the statement is true or false.
Higher rates are charged for library services used by more affluent borrowers, such as DVD rentals, the pricing objective is called:
a. market size maximization b. market disincentivization c. social equity d. surplus maximization e. cost recovery
Answer the following statement(s) true (T) or false (F)
1. Customers are often more involved in the design of services than in the design of goods. 2. External fit of new products relates to the condition of the market and desires of customers. 3. The automotive industry often uses contract manufacturers to produce component parts. 4. Idea generation is the first stage of the product development process. 5. IBM and Microsoft are both well known for basic research accomplishments.