70.2K

Verified Solution

Link Copied!

Question 16 After completing the bank reconciliation, the following journal entries were prepared by the accountant for JRD Enterprises Ltd. for the month ended Feb 28, 2018. Identify the most probable reason of the journal entry from the drop down list. If the journal entry is not a valid bank reconciliation entry, choose "INVALID": O d. Feb. 28 Cash 45.00 Accounts Payable 45.00 f. Feb. 28 NSF Cheque Expense 50.00 Accounts Receivable 300.00 Cash 350.00 a. Feb. 28 Cash 145.85 Accounts Receivable 145.85 c. Feb. 28 Accounts Receivable 350.00 Cash 350.00 b. Feb. 28 Cash 128.45 Bank Charges Expense 128.45 e. Feb. 28 Bank Charges Expense 128.45 Cash 128.45 Question 16 After completing the bank reconciliation, the following journal entries were prepared by the accountant for JRD Enterprises Ltd. for the month ended Feb 28, 2018. Identify the most probable reason of the journal entry from the drop down list. If the journal entry is not a valid bank reconciliation entry, choose "INVALID": O d. Feb. 28 Cash 45.00 Accounts Payable 45.00 f. Feb. 28 NSF Cheque Expense 50.00 Accounts Receivable 300.00 Cash 350.00 a. Feb. 28 Cash 145.85 Accounts Receivable 145.85 c. Feb. 28 Accounts Receivable 350.00 Cash 350.00 b. Feb. 28 Cash 128.45 Bank Charges Expense 128.45 e. Feb. 28 Bank Charges Expense 128.45 Cash 128.45

Answer & Explanation Solved by verified expert

See Answer