Examlex
Which of the following items found on a bank reconciliation does NOT require an adjusting entry?
Notes Receivable Account
An account on the balance sheet representing claims for payments from customers or other parties due within a year or more.
Dishonored Notes
Refer to promissory notes that have not been paid by the maker at maturity.
Accounts Receivable Method
A technique for estimating the amount of uncollectible accounts receivable and setting aside an allowance for bad debts, reflecting more accurate financial statements.
Allowance for Doubtful Accounts
A contra asset account that reduces the total receivables on the balance sheet by the amount estimated to be uncollectible.
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