Identify each photo with a material name. Explain the processes which would have to occur as each material is transformed (arrows)into other materials. Include a plausible "next step" to replace the big question mark at the end.
Definitions:
Bad Account
An account receivable that has been deemed uncollectible and is written off as a loss.
Pre-Reconciliation Cash Balance
The cash balance reported in accounting records before adjustments are made for reconciling items in a bank reconciliation.
Outstanding Checks
Checks that have been written and recorded in a company's financial ledger but have not yet been cashed or cleared by the bank.
Deposits in Transit
Funds that have been deposited by a company but not yet recorded by the bank, often causing a discrepancy in the bank statement versus the company’s record.
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