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:

Consumer Products

Goods produced for personal use by consumers, including items like electronics, food, and clothing.

Manufacturing Cycle Efficiency (MCE)

Process (value-added) time as a percentage of throughput time.

Non-Value-Added Time

Time during which a product is not being directly added value to, such as wait or idle time, which does not contribute to the end value of the product.

Throughput Time

The total time taken from the start to the finish of a production process or operation, including both processing time and any periods of inactivity.