A bank reconciliation included an outstanding check of $1,300 for the purchase of supplies. The journal entry to record this reconciling item:
A)should debit Supplies and credit Cash for $1,300.
B)should debit Cash and credit Supplies for $1,300.
C)should debit Accounts Receivable and credit Cash for $1,300.
D)is not required.

Question

Quizplus · Accepted Answer

Outstanding checks are already recorded in the company's books, so no additional journal entry is needed for reconciliation.

A Bank Reconciliation Included an Outstanding Check of $1,300 for the Purchase