Which of the Following Bank Reconciliation Items Would Not Result

question 109

Multiple Choice

Which of the following bank reconciliation items would not result in a journal entry on a company's books?

• A)Service charge
• B)Outstanding checks
• C)A customer's check returned NSF
• D)Interest earned on deposits

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Definitions:

Satellite Global Positioning System

A network of satellites that provide navigation data to military and civilian users around the globe, enabling users to determine their exact location.

Depreciation

The accounting process of allocating the cost of a tangible asset over its useful life, representing wear and tear, or obsoleteness.

Mortgage Bond

A bond secured by a mortgage on a property, where the bondholders have a claim on the property in case of default.

Real Estate

Property consisting of land and the buildings on it, along with its natural resources such as crops, minerals, or water; immovable property of this nature.