Identify Which of the Following Reconciling Items Would Require an Adjusting

question 190

Essay

Identify which of the following reconciling items would require an adjusting entry to be made by Farrell Company.
1. Deposits in transit totaled $2,000.
2. A check written to the company for $350 by Harder Company was returned NSF.
3. The bank charged the company $46 for printing checks.
4. Outstanding checks totaled $1,667
5. A debit memorandum reported an EFT of $178 to Paco Utilities

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Definitions:

Discrimination

The unjust or prejudicial treatment of different categories of people, especially on the grounds of race, age, sex, or disability.

Perceptual Distortions

Perceptual Distortions are errors in judgment or misinterpretations of sensory information, which can affect understandings and decisions by distorting reality.

Stereotypes

An individual’s fixed beliefs about the characteristics of a particular group.

Emotional Regulation

A set of processes through which people influence their own emotions and the ways in which they experience and express them.