Which of the following should not be considered when comparing the Adjusted Tria

Question

Which of the following should not be considered when comparing the Adjusted Trial Balance to the Post-Closing Trial Balance to ensure that no errors were made in the closing process? OA. The Retained Earnings account balance on the post-closing trial balance matches Retained Eamings on the balance sheet OB. Account balances below Retained Earnings are zero O C. The account balances on each of the trial balances are the same. D. Account balances above Retained Earnings are the same A company received a bank statement with a balance of $6,000. Reconciling items included a bookkeeper error of $300 $300 check recorded as $800 outstanding checks totaling $830, a service charge of $25, a deposit in transit of $260, and interest revenue of $21. What is the adjusted bank balance? two OA. $5130 O B. $5,430 C. $4,626 OD, $4.976

Explanation / Answer

option c) the account balances on each of the trial balance are the same bank balance 6,000 Add:Deposit in transit 260 6,260 less:Checks oustanding -830 Adjusted bank balance 5,430 option b) $5,430

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