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The first two numbers of the ABA code listed on the check represent the
The first two numbers of the ABA code listed on the check represent the Federal Reserve District.
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Asked 3/22/2016 2:06:05 PM
Updated 10/1/2016 5:03:43 AM
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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]
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A restrictive endorsement on a check User: Which item(s) will require a journal entry to update the balance in the Cash account?
Question
Updated 5/28/2019 12:19:27 PM
2 Answers/Comments
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.
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.
The bank statement shows
Question
Not Answered
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
Question
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
This answer has been confirmed as correct and helpful.
A bank service charge would be included on the bank reconciliation as a/an
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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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