On December 31,2016,Axle Services Company Prepared the Following Accrual Adjustment

question 103

Essay

On December 31,2016,Axle Services Company prepared the following accrual adjustment:

The company paid salaries amounting to $1,500 on January 7,2017 for the two-week pay period that ended on January 6,2017.Journalize the entries for January 1,2017 and January 7,2017,assuming the company uses reversing entries.

Assign the correct medical codes for different conditions and procedures based on the ICD-10-CM coding system.

Distinguish between congenital conditions and other types of medical conditions.

Recognize the significance of accurate medical coding in patient care and medical billing.

Identify common congenital defects and their coding.

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Definitions:

Past Assumptions

Previous beliefs or ideas assumed to be true without concrete evidence.

Repression

A defense mechanism in psychoanalytic theory in which unpleasant thoughts, memories, or feelings are pushed out of the conscious mind.

Repression

A defense mechanism in which unpleasant thoughts, feelings, or desires are excluded from conscious awareness.

Proactive Interference

The phenomenon where older memories hinder the recall of newly acquired information.