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.

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Definitions:

Nitrogens

A rephrasing of "Nitrogens" would be: Chemical elements with the symbol N, essential for all living organisms as a constituent of proteins and nucleic acids.

HCN Bond Angle

The angle between the hydrogen, carbon, and nitrogen atoms in hydrogen cyanide, typically close to 180 degrees due to its linear molecular shape.

Hydrogen Cyanide

A highly toxic and volatile chemical compound with the formula HCN, characterized by a distinctive bitter almond odor.

Hybridization

The concept in chemistry where atomic orbitals mix to form new hybrid orbitals, which are suitable for the pairing of electrons to form chemical bonds in molecular compounds.