forgot to deduct a withdrawal from the balance per books, what entry would be necessary?

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If the owner of Pague Legal Services forgot to deduct a withdrawal from the balance per books,debit withdrawals; credit cash would be necessary.

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Asked 12/18/2016 10:42:08 AM

Updated 11/8/2019 7:51:22 AM

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venne1890

If the owner of Pague Legal Services forgot to deduct a withdrawal from the balance per books,debit withdrawals; credit cash would be necessary.

Added 11/8/2019 7:51:22 AM

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Which of the following bank reconciliation items would be reflected in a journal entry? Select one: a. Bank service charges b. Outstanding Checks c. Error made by the bank d. Deposit in transit

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Updated 12/18/2016 5:28:14 PM

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sujaysen

Bank service charges of the bank reconciliation items would be reflected in a journal entry.

Added 12/18/2016 5:28:14 PM

This answer has been confirmed as correct and helpful.

Confirmed by yumdrea [12/18/2016 8:57:55 PM]

A nonsufficient funds check was returned to your company. How does the bank treat this on your bank statement? Select one: a. None of these answers is correct. b. It is shown as a debit memo. c. It is shown as a credit memo. d. It is added to the bank balance.

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Updated 12/18/2016 5:23:55 PM

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sujaysen

A nonsufficient funds check was returned to your company. It is shown as a debit memo is the way the bank treats this on your bank statement.

Added 12/18/2016 5:23:55 PM

This answer has been confirmed as correct and helpful.

Confirmed by jeifunk [12/18/2016 9:10:27 PM]

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