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Identify Which of the Following Reconciling Items Would Require an Adjusting

Question 173

Essay

Identify which of the following reconciling items would require an adjusting entry to be made by Farrell Company.
1. Deposits in transit totaled $2,000.
2. A check written to the company for $350 by Harder Company was returned NSF.
3. The bank charged the company $46 for printing checks.
4. Outstanding checks totaled $1,667
5. A debit memorandum reported an EFT of $178 to Paco Utilities

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Adjusting entries would be req...

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