What effect will this adjustment have on the accounting records? 
Definitions:
Payee
The participant in a financial operation who receives the money.
Debtor
An individual or entity that owes money to another, often resulting from the provision of goods, services, or loans.
Bank Reconciliation
The process of comparing and adjusting the balance shown in a company’s bank statement, as compared to the company’s own financial records.
Journal Entries
The basic method used in accounting to record transactions, involving debits and credits to appropriate accounts.
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