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Indicate How Each Event Affects the Financial Statements

question 12

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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.
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:

Musculoskeletal

Relating to or involving the muscles and the skeleton.

Neurological

Pertains to the nerves and the nervous system, including the brain and spinal cord.

Nephrology

A branch of medicine that deals with the diagnosis and treatment of kidney diseases.

Plural

Relating to or denoting more than one in number.

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