For Each of the Following, Explain Whether the Issue Would

question 111

Essay

For each of the following, explain whether the issue would require you to prepare a journal entry for your company, assuming any original entry is correct. If an entry is required, please include it as part of your answer.
(1) The bank recorded your deposit as $91 rather than the actual amount of $191.
(2) Two outstanding checks amounted to $450.
(3) Company check number 538 for postage was recorded incorrectly by the company bookkeeper as $50 instead of $59.
(4) The bank paid a check for $500 after the company had issued a stop payment and voided the check.
(5) An EFT deposit was made by one of the company's customers, Atlas Design, for merchandise received. The sale had previously been recorded when shipped and was equal to the payment amount of $125.

---

Definitions:

Respiratory Diseases

A group of illnesses affecting the lungs and other parts of the respiratory system, such as asthma, pneumonia, and tuberculosis.

Adult Men

Refers to male individuals who have reached the age of maturity, often legally recognized at 18 years of age or older.

Quit Smoking

The process of discontinuing tobacco smoking, which can significantly reduce the risk of developing various health issues.

Life Expectancy

The average period that a person may expect to live, often calculated from birth or a specific age, based on statistical averages.