No Journal Entries Are Required for the Reconciling Items on the Bank

question 29

Multiple Choice

No journal entries are required for the reconciling items on the bank side because ________.

• A)those transactions have already been recorded in the company's ledger
• B)the adjusted balances on both sides are the same amounts
• C)the amounts are immaterial
• D)those transactions are already included in the bank balance

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Definitions:

Psychoactive Drug

A substance that changes brain function and results in alterations in perception, mood, consciousness, cognition, or behavior.

Pupils Constricted

The physiological condition where the circular muscle, located in the iris of the eye, tightens, making the pupil opening smaller, often in response to light or other factors.

Heroin

An illegal, highly addictive opioid drug processed from morphine, commonly used as a narcotic producing euphoria.

Sympathetic Nervous System

Part of the autonomic nervous system responsible for the body's 'fight or flight' response to stress.