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A restrictive endorsement on a check
Question
Asked 3/22/2016 11:44:27 AM
Updated 5/28/2019 12:19:27 PM
2 Answers/Comments
Flagged by emdjay23 [5/28/2019 12:19:25 PM]
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User: A restrictive endorsement on a check

User: Which item(s) will require a journal entry to update the balance in the Cash account?

Question
Asked 3/22/2016 11:44:27 AM
Updated 5/28/2019 12:19:27 PM
2 Answers/Comments
Flagged by emdjay23 [5/28/2019 12:19:25 PM]
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8
A restrictive endorsement on a check is the safest endorsement for businesses.


Added 5/28/2019 12:19:24 PM
This answer has been confirmed as correct and helpful.
8
Bank service charges, note collected by the bank, and deposits in transit will require a journal entry to update the balance in the Cash account.

Added 5/28/2019 12:19:27 PM
This answer has been confirmed as correct and helpful.
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The bank statement shows
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Updated 3/22/2016 12:15:01 PM
1 Answer/Comment
The bank statement shows the cumulative balance of cash in the account, net of all the preceding transactions, as of the end of each day in the reporting period.
Added 3/22/2016 12:15:01 PM
This answer has been confirmed as correct and helpful.
Confirmed by jeifunk [3/22/2016 12:25:26 PM]
A blank endorsement on a check
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Updated 3/22/2016 2:11:49 PM
1 Answer/Comment
A blank endorsement on a check: creates a check that can be cashed by anyone.

Added 3/22/2016 2:11:49 PM
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The first two numbers of the ABA code listed on the check represent the
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Updated 10/1/2016 5:03:43 AM
1 Answer/Comment
The first two numbers of the ABA code listed on the check represent the Federal Reserve District.
Added 10/1/2016 5:03:43 AM
This answer has been confirmed as correct and helpful.
Confirmed by jeifunk [10/1/2016 5:33:01 AM]
A bank service charge would be included on the bank reconciliation as a/an
Question
Not Answered
Updated 3/28/2016 8:05:43 PM
1 Answer/Comment
A bank service charge would be included on the bank reconciliation as a subtraction from the balance per books.
Added 3/28/2016 8:05:43 PM
This answer has been confirmed as correct and helpful.
Confirmed by jeifunk [3/28/2016 8:10:05 PM]
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