Required information A bank reconciliation proves the accuracy of the depositor's and the bank's records. The bank statement balance is adjusted for items such as outstanding checks and unrecorded deposits made on or before the bank statement date but not reflected on the statement. The book balance is adjusted for items such as service charges, bank collections for the depositor, and interest earned on the account. Khowreage Cnet T Select the items below which must be adjusted to the book balance: (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect) ? deposits in transit? book error? bank error? outstanding checks? interest earned on checking account? collections of accounts receivable by the bank

Question

Business

Karsyn Leblanc

11 April, 00:08

Required information A bank reconciliation proves the accuracy of the depositor's and the bank's records. The bank statement balance is adjusted for items such as outstanding checks and unrecorded deposits made on or before the bank statement date but not reflected on the statement. The book balance is adjusted for items such as service charges, bank collections for the depositor, and interest earned on the account. Khowreage Cnet T Select the items below which must be adjusted to the book balance: (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect) ? deposits in transit? book error? bank error? outstanding checks? interest earned on checking account? collections of accounts receivable by the bank

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Answers (1)

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Kailey Osborn · Answer 1

The following items require adjustment in Book value:

* Book Error

* Interest earned on the Checking account

* Collections of Accounts receivable by the bank.

Explanation:

These above items require adjustment in book balance to compute the adjusted book balance.