ReconciledrillRecording a collection
A bank reconciliation exercise from Reconciledrill. Solve it with a bank statement and cash book side by side in your browser, and it is checked the moment you submit.
The task
Classify every line, enter both adjusted balances, then choose the journal entry the company must record for each item that affects its books.
What this exercise teaches
The note is no longer receivable: Dr Cash, Cr Notes receivable.
A hint if you get stuck
The bank collected a note receivable for the company.
This exercise is part of Pro
Pro unlocks all 30 exercises, with worked solutions and progress saved to your account. The free exercises work without an account.
You create a free account first, so Pro is attached to it.
Monthly is charged today and then every month until you cancel, in one click from your account page. Lifetime is one payment with no renewals. Full refund within 14 days of paying.