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:

Achievement Test

An exam that measures a person's knowledge or proficiency in a specific area, such as academic subjects, to assess learning outcomes.

Calculus Course

A structured academic program focused on teaching the principles and techniques of calculus, including differentiation and integration.

Psychological Tests

Standardized measures designed to assess behavior, personality, and intelligence among other cognitive abilities and characteristics.

Behavior Accurately

The precise and careful observation and reporting of actions or responses under investigation.