Which of the following bank reconciliation items would be reflected in a journal entry?

Mathematics

2 answers:

Len [333]3 years ago

7 0

C. Bank service charges

Vaselesa [24]3 years ago

3 0

Answer:

Option c) Bank service charges

Step-by-step explanation:

Bank service charges are the charges debited by the bank periodically to the account of the customer for some services.

a) Error made by the bank

is incorrect as this would be adjusted in the bank itself the company need not pass journal entry

b) Outstanding checks

These will be automatically reconciled if debited or deposited. Hence the company need not pass journal entry

c) Bank service charges to be adjusted, the company has to pass journal entries otherwise bank balance would show a higher amount than cash book

Option c is right

d) Deposit in transit These will be automatically reconciled if debited or deposited. Hence the company need not pass journal entry

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Part A.
The venn diagram is attached. In the venn diagram, circle A represent the number of responds that have an ASU parking deal. Circle B represent the number of respondents that ride their bike to campus and circle C represent the number of respondents that that ride the Light Rail.

Part B.
From the venn diagram, the number of respondents that ride the Light Rail and ride their bike to campus is given by 39 – 12 = 27

Part C.
From the venn diagram, the number of respondents that only have an ASU parking decal is given by <span>77 – 12 – 8 – 6 = 51

Part D.
The number of respondents that ride the Light Rail or have an ASU decal is given by the sum of the number of respondents that ride the Light Rail only and those that have an ASU parking decal and those that have both ASU parking decal and ride their bike to school.
This is given by 51 + 8 + 28 = 87.

Part E.
The venn diagram showing the area </span><span>that represents people who have a parking decal or who ride their bike to campus but who do not ride the Light Rail</span> sgaded is attached.