Which of the Following Items That Appeared on the Bank

question 80

Multiple Choice

Which of the following items that appeared on the bank reconciliation did not require a journal entry?

• A) bank service charges
• B) deposits in transit
• C) NSF checks
• D) a check for $630, recorded in the check register for $360

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Definitions:

Curds

A dairy product obtained by coagulating milk in a cheese-making process, known for their mild flavor and soft texture.

Whey

A by-product of cheese production, consisting of the liquid remaining after milk has been curdled and strained; rich in protein and used in dietary supplements and food products.

Utility Function

This represents how consumer preferences can be quantified based on different levels of consumption of various goods and services.

Income Rises

An increase in the amount of money earned by an individual or household, which can affect consumption patterns and demand for goods and services.