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Home Q & A Board Other Fields Homework Help Business Accounting
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H3Ko H3Ko
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7 years ago
No journal entries are required for the reconciling items on the bank side because ________.
A) those transactions have already been recorded in the company's ledger
B) those transactions are already included in the bank balance
C) the adjusted balances on both sides are the same amounts
D) the amounts are immaterial
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
Authors:
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TanksTanks
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7 years ago
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H3Ko Author
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#2
7 years ago
YES! Can't believe I got this one right. Appreciate the confirmation
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