Question: Upon preparing the bank reconciliation statement, an adjusting entry was made that debited cash and credited interest revenue. Therefore the bank reconciliation must have
Upon preparing the bank reconciliation statement, an adjusting entry was made that debited cash and credited interest revenue. Therefore the bank reconciliation must have included an item that was: Select one: a. added to the bank statements O b. deducted from the cash ledger balance c. deducted from the bank statement d. added to the cash ledger balance
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
