10. Company K has several checking accounts with Bank J. Which of the following will require adjustment in the accounting records of Company K on December 31, 2020? Check issued on December 29 but only cleared on January 2. Customer's check deposited on December 28 and reflected in the bank statement on December 29. Deposit of Company M on December 28 and credited by Bank J on the account of Company K on the same day. NSF check returned by Bank J to Company K on December 29.

10. Company K has several checking accounts with Bank J. Which of the following will require adjustment in the accounting records of Company K on December 31, 2020? Check issued on December 29 but only cleared on January 2. Customer's check deposited on December 28 and reflected in the bank statement on December 29. Deposit of Company M on December 28 and credited by Bank J on the account of Company K on the same day. NSF check returned by Bank J to Company K on December 29.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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