Examlex
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
Q2: A cash payments journal should not be
Q4: Fowler Company on July 15 sells merchandise
Q10: Sales resulting from the use of Visa
Q27: If beginning inventory is understated by $10,000,
Q33: On a bank reconciliation, deposits in transit
Q52: Record the following transactions for Yockey Company.<br>1.
Q53: In periods of inflation, phantom or paper
Q105: Detailed records of goods held for resale
Q171: Sales revenue<br>A) may be recorded before cash
Q233: In recording the purchase of a business,