For Which of the Following Bank Reconciliation Adjustments Would an Adjusting

question 31

Multiple Choice

For which of the following bank reconciliation adjustments would an adjusting journal entry not be necessary?

• A)An error in which the company's accountant recorded a check as $235 that was written correctly for $253.
• B)A check for $37 deposited during the month,but returned for non-sufficient funds.
• C)An error in which the bank charged the company $83 for a check that had been written by another account holder.
• D)All of these answer choices would require adjusting journal entries.

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Definitions:

Formal Operations

The final stage of cognitive development (according to Piaget), characterized by the ability to think abstractly, reason logically, and manage problems systematically.

Adolescence

Period in development between the onset of puberty and adulthood. It usually begins between 11 and 13 years of age.

Freud

Sigmund Freud was an Austrian neurologist and the founder of psychoanalysis, a method for treating psychopathology through dialogue between a patient and a psychoanalyst.

Id

In psychology, a part of the mind in which innate instinctive impulses and primary processes are manifest.