What is the reconciled (adjusted) bank balance on December 31, 2023?
Bank Reconciliation Quiz

Quiz
•
Arts
•
11th Grade
•
Hard
Misty McBride
FREE Resource
50 questions
Show all answers
1.
OPEN ENDED QUESTION
15 mins • 1 pt
Evaluate responses using AI:
OFF
2.
OPEN ENDED QUESTION
15 mins • 1 pt
What was the checkbook balance immediately before preparing the bank reconciliation?
Evaluate responses using AI:
OFF
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Is the Petty Cash account a permanent account?
True
False
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Should the Income Summary account appear on the Post-Closing Trial Balance?
True
False
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Is Accounts Payable a nominal account?
True
False
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Should Merchandise Inventory appear on the Post-Closing Trial Balance?
True
False
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Is Prepaid Insurance a temporary account?
True
False
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