Journal entries are required for the reconciling items on the book side because:
A)those transactions have not yet been recorded by the bank.
B)the adjusted balances on both sides are the same amounts.
C)the amounts are immaterial.
D)those transactions have not yet been recorded on the company books.

Question

Quizplus · Accepted Answer

Reconciling items on the book side require journal entries because they represent transactions that have not yet been recorded in the company's books, such as bank fees or interest income.

Journal Entries Are Required for the Reconciling Items on the Book