(Solved): To determine the scope of a bookkeeping clean-up engagement, you are reviewing the Client Overview ...

To determine the scope of a bookkeeping clean-up engagement, you are reviewing the Client Overview tab for a potential client. You notice that there is a large amount in the Opening Balance Equity account. Which 2 reasons could be causing this balance? A reconciliation adjustment was posted when completing a bank reconciliation Transactions in the Banking Center were added without assigning an account to them An opening balance was entered when setting up sales tax An opening balance was entered when an inventory item was created An opening balance was entered when creating a new Other Current Asset account