Identify Which of the Following Reconciling Items Would Require an Adjusting

question 78

Essay

Identify which of the following reconciling items would require an adjusting entry to be made by Danielle Doyle Company.
1. Deposits in transit totaled $2000.
2. A check written to the company for $415 by Cartography Company was returned NSF.
3. The bank charged the company $25 for printing checks.
4. Outstanding checks totaled $3300
5. A debit memorandum reported an EFT of $178 to Salome Utilities

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Definitions:

Distribution

In statistics, it refers to the way in which data points are spread or dispersed across a range of values.

T Procedure

The T procedure, often referred to as the T-test, is a statistical test used to determine if there is a significant difference between the means of two groups which may be related in certain features.

Random Sample

A random sample is a subset of a statistical population in which each member of the subset has an equal probability of being chosen.

Average Amount

The sum of values divided by the number of values, commonly known as the mean.