Question and answer
A blank endorsement on a check
A blank endorsement on a check: creates a check that can be cashed by anyone.
Question
Asked 3/22/2016 1:48:23 PM
Updated 3/22/2016 2:11:49 PM
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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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Questions asked by the same visitor
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]
The first two numbers of the ABA code listed on the check represent the
Question
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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
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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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