For Each of the Following Items, Indicate Whether It Is

question 46

Essay

For each of the following items, indicate whether it is an adjustment to the bank side, the book side, or not applicable when preparing a bank reconciliation. For each adjustment item, indicate whether the amount would be added or subtracted. $$\begin{array} { | l | l | l | } \hline \text { Item } & \begin{array} { l } \text { Bank } \\\text { Balance }\end{array} & \begin{array} { l } \text { Book } \\\text { Balance }\end{array} \\\hline \text { Deposit in transit } & & \\\hline \text { Debit memo } & & \\\hline \text { Outstanding check } & & \\\hline \text { NSF check } & & \\\hline \begin{array} { l } \text { Error in recording a check on the books } \\\text { (check was written for } \$ 35 \text { but recorded as } \\\text { \$53) }\end{array} & & \\\hline \text { Service charge } & & \\\hline \text { Interest earned on the account } & & \\\hline\end{array}$$

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Definitions:

Condemned To Be Free

A philosophical concept, often associated with existentialism, suggesting that humans are burdened with the freedom and responsibility to choose and define their own existence.

Negative Freedom

Refers to the absence of obstacles, barriers, or constraints, allowing individuals the freedom to act without external interference.

Positive Freedom

Refers to the power or capacity to act upon one’s free will, often associated with the ability to fulfill one's true potential.

Kant

Refers to Immanuel Kant, an 18th-century German philosopher known for his work in epistemology, ethics, and aesthetics.