Please Refer to the Following Bank Reconciliation: No Journal

question 22

Multiple Choice

Please refer to the following bank reconciliation: No journal entries are required for the reconciling items on the bank side because:

• A)the adjusted balances on both sids are the same amounts.
• B)the amounts are immaterial.
• C)those transactions have already been recorded in the company ledger.
• D)those transactions are already included in the bank balance on 30 June.

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Definitions:

International Commerce

The exchange of goods, services, and capital across international borders or territories, which is influenced by governmental trade policies, international agreements, and global market dynamics.

Seventeenth Century

The period from 1601 to 1700 in the Gregorian calendar, marked by significant cultural, scientific, and political developments in Europe and elsewhere.

Dutch Reformed Church

A Protestant denomination that originated in the Netherlands during the Reformation and established congregations in North America, especially among Dutch immigrant communities.

Religious Freedom

The right of individuals and communities to practice their religion without government interference or discrimination.