Identify Which of the Following Reconciling Items Would Require an Adjusting

question 110

Essay

Identify which of the following reconciling items would require an adjusting entry to be made by Costello Company.
1. Deposits in transit totaled $2,000.
2. A check written to the company for $350 by Grover 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:

Therapeutic Hold

A technique used in healthcare and mental health settings to safely restrain a patient to prevent harm to themselves or others, often applied in a way to respect the patient's dignity.

Intellectual Development Disorder

A condition characterized by significantly impaired cognitive functioning and deficits in adaptive behaviors, presenting before adulthood.

Autism Spectrum Disorder

A developmental disorder characterized by difficulties in social interaction, communication, and by restricted or repetitive patterns of thought and behavior.

Disruptive

Behaviors or actions that interrupt or disturb the normal operations, peace, or processes of individuals or groups.