Indicate how each event affects the financial statements. Use the following letters to record your answer in the box shown below each element. If an event increases one account and decreases another account equally within the same element, record I/D. If an event has no impact on the element, record NA. You do not need to enter dollar amounts.
Increase = I Decrease = D Not Affected = NA
In preparing the bank reconciliation of Heath Company, an employee found that the company had deposits in transit of $2,200.
Definitions:
Desensitization
The process of reducing sensitivity or responsiveness to a stimulus, typically as a result of repeated exposure to that stimulus.
Reaction Formation
A defense mechanism where an individual behaves in a manner opposite to their true feelings or impulses, often observed in psychological contexts.
Transpersonal Psychologists
Professionals who study the transpersonal, or spiritual, aspects of the human experience, often exploring states of consciousness beyond the ego.
Behaviorists
Psychologists who study and interpret human behavior in terms of observable actions and reactions, often emphasizing the effects of conditioning.
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