SlideShare a Scribd company logo
1 of 1
Download to read offline
During the preparation of the bank reconciliation for Building Concepts Co., Joel Kimmel, the
assistant controller, discovered that Lone Peak National Bank incorrectly recorded a $3,290
check written by Building Concepts Co. as $329. Joel has decided not to notify the bank but wait
for the bank to detect the error. Joel plans to record the $2,961 error as Other Income if the bank
fails to detect the error within the next three months.
Discuss whether Joel is behaving in a professional manner.
Solution
Joel is not behaving in a professional manner,
Joel record differece amount ($2961) as other income, this treatment is wrong
because that amount can not be include in income of Building concepts Co.

More Related Content

More from armyshoes

Data structuresUsing java language and develop a prot.pdf
Data structuresUsing java language and develop a prot.pdfData structuresUsing java language and develop a prot.pdf
Data structuresUsing java language and develop a prot.pdfarmyshoes
 
You have been cut! While you wage war in the streets of Gotham for y.pdf
You have been cut! While you wage war in the streets of Gotham for y.pdfYou have been cut! While you wage war in the streets of Gotham for y.pdf
You have been cut! While you wage war in the streets of Gotham for y.pdfarmyshoes
 
Why has Mexico encountered such a significant collapse from an econom.pdf
Why has Mexico encountered such a significant collapse from an econom.pdfWhy has Mexico encountered such a significant collapse from an econom.pdf
Why has Mexico encountered such a significant collapse from an econom.pdfarmyshoes
 
Which of the following isare true of BOTH natural selection and gen.pdf
Which of the following isare true of BOTH natural selection and gen.pdfWhich of the following isare true of BOTH natural selection and gen.pdf
Which of the following isare true of BOTH natural selection and gen.pdfarmyshoes
 
Which of the following information-management systems uses artificia.pdf
Which of the following information-management systems uses artificia.pdfWhich of the following information-management systems uses artificia.pdf
Which of the following information-management systems uses artificia.pdfarmyshoes
 
What steps and tools are used for Pen TestingSolutionSteps fo.pdf
What steps and tools are used for Pen TestingSolutionSteps fo.pdfWhat steps and tools are used for Pen TestingSolutionSteps fo.pdf
What steps and tools are used for Pen TestingSolutionSteps fo.pdfarmyshoes
 
which event in this life cycle is comparable to fertilizarion .pdf
which event in this life cycle is comparable to fertilizarion .pdfwhich event in this life cycle is comparable to fertilizarion .pdf
which event in this life cycle is comparable to fertilizarion .pdfarmyshoes
 
what is the value of nursing educationSolutionThe main value o.pdf
what is the value of nursing educationSolutionThe main value o.pdfwhat is the value of nursing educationSolutionThe main value o.pdf
what is the value of nursing educationSolutionThe main value o.pdfarmyshoes
 
What is the exact output of the following code#include stdio.h.pdf
What is the exact output of the following code#include stdio.h.pdfWhat is the exact output of the following code#include stdio.h.pdf
What is the exact output of the following code#include stdio.h.pdfarmyshoes
 
Using a Fabry-Perot interferometer, we can Observe small objects. D.pdf
Using a Fabry-Perot interferometer, we can  Observe small objects.  D.pdfUsing a Fabry-Perot interferometer, we can  Observe small objects.  D.pdf
Using a Fabry-Perot interferometer, we can Observe small objects. D.pdfarmyshoes
 
TRUE of falseA researcher found 95 confident interval for the aver.pdf
TRUE of falseA researcher found 95 confident interval for the aver.pdfTRUE of falseA researcher found 95 confident interval for the aver.pdf
TRUE of falseA researcher found 95 confident interval for the aver.pdfarmyshoes
 
The major type of interactive forces between molecules of HCl are i.pdf
The major type of interactive forces between molecules of HCl are  i.pdfThe major type of interactive forces between molecules of HCl are  i.pdf
The major type of interactive forces between molecules of HCl are i.pdfarmyshoes
 
Tetrad AnalysisYou should be able to explain and you should know e.pdf
Tetrad AnalysisYou should be able to explain and you should know e.pdfTetrad AnalysisYou should be able to explain and you should know e.pdf
Tetrad AnalysisYou should be able to explain and you should know e.pdfarmyshoes
 
Security ImplicationsWhat are the implications of Shannon’s work o.pdf
Security ImplicationsWhat are the implications of Shannon’s work o.pdfSecurity ImplicationsWhat are the implications of Shannon’s work o.pdf
Security ImplicationsWhat are the implications of Shannon’s work o.pdfarmyshoes
 
Protect tissues Spinal cord functions to includes pituitary gland ski.pdf
Protect tissues Spinal cord functions to includes pituitary gland ski.pdfProtect tissues Spinal cord functions to includes pituitary gland ski.pdf
Protect tissues Spinal cord functions to includes pituitary gland ski.pdfarmyshoes
 
Present and explain each step in human perception process. To what e.pdf
Present and explain each step in human perception process. To what e.pdfPresent and explain each step in human perception process. To what e.pdf
Present and explain each step in human perception process. To what e.pdfarmyshoes
 
please help with this genetics problem You have 3 Serratia strains (.pdf
please help with this genetics problem You have 3 Serratia strains (.pdfplease help with this genetics problem You have 3 Serratia strains (.pdf
please help with this genetics problem You have 3 Serratia strains (.pdfarmyshoes
 
Please briefly describe Two types of statics where you will NOT o.pdf
Please briefly describe Two types of statics where you will NOT o.pdfPlease briefly describe Two types of statics where you will NOT o.pdf
Please briefly describe Two types of statics where you will NOT o.pdfarmyshoes
 
Northwest Bakery produces seven types of loaf bread and distributes .pdf
Northwest Bakery produces seven types of loaf bread and distributes .pdfNorthwest Bakery produces seven types of loaf bread and distributes .pdf
Northwest Bakery produces seven types of loaf bread and distributes .pdfarmyshoes
 
Interface four common anode seven-segment LEDs to the PIC18F452 micr.pdf
Interface four common anode seven-segment LEDs to the PIC18F452 micr.pdfInterface four common anode seven-segment LEDs to the PIC18F452 micr.pdf
Interface four common anode seven-segment LEDs to the PIC18F452 micr.pdfarmyshoes
 

More from armyshoes (20)

Data structuresUsing java language and develop a prot.pdf
Data structuresUsing java language and develop a prot.pdfData structuresUsing java language and develop a prot.pdf
Data structuresUsing java language and develop a prot.pdf
 
You have been cut! While you wage war in the streets of Gotham for y.pdf
You have been cut! While you wage war in the streets of Gotham for y.pdfYou have been cut! While you wage war in the streets of Gotham for y.pdf
You have been cut! While you wage war in the streets of Gotham for y.pdf
 
Why has Mexico encountered such a significant collapse from an econom.pdf
Why has Mexico encountered such a significant collapse from an econom.pdfWhy has Mexico encountered such a significant collapse from an econom.pdf
Why has Mexico encountered such a significant collapse from an econom.pdf
 
Which of the following isare true of BOTH natural selection and gen.pdf
Which of the following isare true of BOTH natural selection and gen.pdfWhich of the following isare true of BOTH natural selection and gen.pdf
Which of the following isare true of BOTH natural selection and gen.pdf
 
Which of the following information-management systems uses artificia.pdf
Which of the following information-management systems uses artificia.pdfWhich of the following information-management systems uses artificia.pdf
Which of the following information-management systems uses artificia.pdf
 
What steps and tools are used for Pen TestingSolutionSteps fo.pdf
What steps and tools are used for Pen TestingSolutionSteps fo.pdfWhat steps and tools are used for Pen TestingSolutionSteps fo.pdf
What steps and tools are used for Pen TestingSolutionSteps fo.pdf
 
which event in this life cycle is comparable to fertilizarion .pdf
which event in this life cycle is comparable to fertilizarion .pdfwhich event in this life cycle is comparable to fertilizarion .pdf
which event in this life cycle is comparable to fertilizarion .pdf
 
what is the value of nursing educationSolutionThe main value o.pdf
what is the value of nursing educationSolutionThe main value o.pdfwhat is the value of nursing educationSolutionThe main value o.pdf
what is the value of nursing educationSolutionThe main value o.pdf
 
What is the exact output of the following code#include stdio.h.pdf
What is the exact output of the following code#include stdio.h.pdfWhat is the exact output of the following code#include stdio.h.pdf
What is the exact output of the following code#include stdio.h.pdf
 
Using a Fabry-Perot interferometer, we can Observe small objects. D.pdf
Using a Fabry-Perot interferometer, we can  Observe small objects.  D.pdfUsing a Fabry-Perot interferometer, we can  Observe small objects.  D.pdf
Using a Fabry-Perot interferometer, we can Observe small objects. D.pdf
 
TRUE of falseA researcher found 95 confident interval for the aver.pdf
TRUE of falseA researcher found 95 confident interval for the aver.pdfTRUE of falseA researcher found 95 confident interval for the aver.pdf
TRUE of falseA researcher found 95 confident interval for the aver.pdf
 
The major type of interactive forces between molecules of HCl are i.pdf
The major type of interactive forces between molecules of HCl are  i.pdfThe major type of interactive forces between molecules of HCl are  i.pdf
The major type of interactive forces between molecules of HCl are i.pdf
 
Tetrad AnalysisYou should be able to explain and you should know e.pdf
Tetrad AnalysisYou should be able to explain and you should know e.pdfTetrad AnalysisYou should be able to explain and you should know e.pdf
Tetrad AnalysisYou should be able to explain and you should know e.pdf
 
Security ImplicationsWhat are the implications of Shannon’s work o.pdf
Security ImplicationsWhat are the implications of Shannon’s work o.pdfSecurity ImplicationsWhat are the implications of Shannon’s work o.pdf
Security ImplicationsWhat are the implications of Shannon’s work o.pdf
 
Protect tissues Spinal cord functions to includes pituitary gland ski.pdf
Protect tissues Spinal cord functions to includes pituitary gland ski.pdfProtect tissues Spinal cord functions to includes pituitary gland ski.pdf
Protect tissues Spinal cord functions to includes pituitary gland ski.pdf
 
Present and explain each step in human perception process. To what e.pdf
Present and explain each step in human perception process. To what e.pdfPresent and explain each step in human perception process. To what e.pdf
Present and explain each step in human perception process. To what e.pdf
 
please help with this genetics problem You have 3 Serratia strains (.pdf
please help with this genetics problem You have 3 Serratia strains (.pdfplease help with this genetics problem You have 3 Serratia strains (.pdf
please help with this genetics problem You have 3 Serratia strains (.pdf
 
Please briefly describe Two types of statics where you will NOT o.pdf
Please briefly describe Two types of statics where you will NOT o.pdfPlease briefly describe Two types of statics where you will NOT o.pdf
Please briefly describe Two types of statics where you will NOT o.pdf
 
Northwest Bakery produces seven types of loaf bread and distributes .pdf
Northwest Bakery produces seven types of loaf bread and distributes .pdfNorthwest Bakery produces seven types of loaf bread and distributes .pdf
Northwest Bakery produces seven types of loaf bread and distributes .pdf
 
Interface four common anode seven-segment LEDs to the PIC18F452 micr.pdf
Interface four common anode seven-segment LEDs to the PIC18F452 micr.pdfInterface four common anode seven-segment LEDs to the PIC18F452 micr.pdf
Interface four common anode seven-segment LEDs to the PIC18F452 micr.pdf
 

Recently uploaded

Jamworks pilot and AI at Jisc (20/03/2024)
Jamworks pilot and AI at Jisc (20/03/2024)Jamworks pilot and AI at Jisc (20/03/2024)
Jamworks pilot and AI at Jisc (20/03/2024)Jisc
 
COMMUNICATING NEGATIVE NEWS - APPROACHES .pptx
COMMUNICATING NEGATIVE NEWS - APPROACHES .pptxCOMMUNICATING NEGATIVE NEWS - APPROACHES .pptx
COMMUNICATING NEGATIVE NEWS - APPROACHES .pptxannathomasp01
 
AIM of Education-Teachers Training-2024.ppt
AIM of Education-Teachers Training-2024.pptAIM of Education-Teachers Training-2024.ppt
AIM of Education-Teachers Training-2024.pptNishitharanjan Rout
 
What is 3 Way Matching Process in Odoo 17.pptx
What is 3 Way Matching Process in Odoo 17.pptxWhat is 3 Way Matching Process in Odoo 17.pptx
What is 3 Way Matching Process in Odoo 17.pptxCeline George
 
80 ĐỀ THI THỬ TUYỂN SINH TIẾNG ANH VÀO 10 SỞ GD – ĐT THÀNH PHỐ HỒ CHÍ MINH NĂ...
80 ĐỀ THI THỬ TUYỂN SINH TIẾNG ANH VÀO 10 SỞ GD – ĐT THÀNH PHỐ HỒ CHÍ MINH NĂ...80 ĐỀ THI THỬ TUYỂN SINH TIẾNG ANH VÀO 10 SỞ GD – ĐT THÀNH PHỐ HỒ CHÍ MINH NĂ...
80 ĐỀ THI THỬ TUYỂN SINH TIẾNG ANH VÀO 10 SỞ GD – ĐT THÀNH PHỐ HỒ CHÍ MINH NĂ...Nguyen Thanh Tu Collection
 
HMCS Vancouver Pre-Deployment Brief - May 2024 (Web Version).pptx
HMCS Vancouver Pre-Deployment Brief - May 2024 (Web Version).pptxHMCS Vancouver Pre-Deployment Brief - May 2024 (Web Version).pptx
HMCS Vancouver Pre-Deployment Brief - May 2024 (Web Version).pptxmarlenawright1
 
dusjagr & nano talk on open tools for agriculture research and learning
dusjagr & nano talk on open tools for agriculture research and learningdusjagr & nano talk on open tools for agriculture research and learning
dusjagr & nano talk on open tools for agriculture research and learningMarc Dusseiller Dusjagr
 
Unit 3 Emotional Intelligence and Spiritual Intelligence.pdf
Unit 3 Emotional Intelligence and Spiritual Intelligence.pdfUnit 3 Emotional Intelligence and Spiritual Intelligence.pdf
Unit 3 Emotional Intelligence and Spiritual Intelligence.pdfDr Vijay Vishwakarma
 
Understanding Accommodations and Modifications
Understanding  Accommodations and ModificationsUnderstanding  Accommodations and Modifications
Understanding Accommodations and ModificationsMJDuyan
 
NO1 Top Black Magic Specialist In Lahore Black magic In Pakistan Kala Ilam Ex...
NO1 Top Black Magic Specialist In Lahore Black magic In Pakistan Kala Ilam Ex...NO1 Top Black Magic Specialist In Lahore Black magic In Pakistan Kala Ilam Ex...
NO1 Top Black Magic Specialist In Lahore Black magic In Pakistan Kala Ilam Ex...Amil baba
 
On National Teacher Day, meet the 2024-25 Kenan Fellows
On National Teacher Day, meet the 2024-25 Kenan FellowsOn National Teacher Day, meet the 2024-25 Kenan Fellows
On National Teacher Day, meet the 2024-25 Kenan FellowsMebane Rash
 
21st_Century_Skills_Framework_Final_Presentation_2.pptx
21st_Century_Skills_Framework_Final_Presentation_2.pptx21st_Century_Skills_Framework_Final_Presentation_2.pptx
21st_Century_Skills_Framework_Final_Presentation_2.pptxJoelynRubio1
 
OSCM Unit 2_Operations Processes & Systems
OSCM Unit 2_Operations Processes & SystemsOSCM Unit 2_Operations Processes & Systems
OSCM Unit 2_Operations Processes & SystemsSandeep D Chaudhary
 
How to setup Pycharm environment for Odoo 17.pptx
How to setup Pycharm environment for Odoo 17.pptxHow to setup Pycharm environment for Odoo 17.pptx
How to setup Pycharm environment for Odoo 17.pptxCeline George
 
Tatlong Kwento ni Lola basyang-1.pdf arts
Tatlong Kwento ni Lola basyang-1.pdf artsTatlong Kwento ni Lola basyang-1.pdf arts
Tatlong Kwento ni Lola basyang-1.pdf artsNbelano25
 
FICTIONAL SALESMAN/SALESMAN SNSW 2024.pdf
FICTIONAL SALESMAN/SALESMAN SNSW 2024.pdfFICTIONAL SALESMAN/SALESMAN SNSW 2024.pdf
FICTIONAL SALESMAN/SALESMAN SNSW 2024.pdfPondicherry University
 
How to Add a Tool Tip to a Field in Odoo 17
How to Add a Tool Tip to a Field in Odoo 17How to Add a Tool Tip to a Field in Odoo 17
How to Add a Tool Tip to a Field in Odoo 17Celine George
 
How to Manage Call for Tendor in Odoo 17
How to Manage Call for Tendor in Odoo 17How to Manage Call for Tendor in Odoo 17
How to Manage Call for Tendor in Odoo 17Celine George
 
TỔNG ÔN TẬP THI VÀO LỚP 10 MÔN TIẾNG ANH NĂM HỌC 2023 - 2024 CÓ ĐÁP ÁN (NGỮ Â...
TỔNG ÔN TẬP THI VÀO LỚP 10 MÔN TIẾNG ANH NĂM HỌC 2023 - 2024 CÓ ĐÁP ÁN (NGỮ Â...TỔNG ÔN TẬP THI VÀO LỚP 10 MÔN TIẾNG ANH NĂM HỌC 2023 - 2024 CÓ ĐÁP ÁN (NGỮ Â...
TỔNG ÔN TẬP THI VÀO LỚP 10 MÔN TIẾNG ANH NĂM HỌC 2023 - 2024 CÓ ĐÁP ÁN (NGỮ Â...Nguyen Thanh Tu Collection
 

Recently uploaded (20)

Jamworks pilot and AI at Jisc (20/03/2024)
Jamworks pilot and AI at Jisc (20/03/2024)Jamworks pilot and AI at Jisc (20/03/2024)
Jamworks pilot and AI at Jisc (20/03/2024)
 
Our Environment Class 10 Science Notes pdf
Our Environment Class 10 Science Notes pdfOur Environment Class 10 Science Notes pdf
Our Environment Class 10 Science Notes pdf
 
COMMUNICATING NEGATIVE NEWS - APPROACHES .pptx
COMMUNICATING NEGATIVE NEWS - APPROACHES .pptxCOMMUNICATING NEGATIVE NEWS - APPROACHES .pptx
COMMUNICATING NEGATIVE NEWS - APPROACHES .pptx
 
AIM of Education-Teachers Training-2024.ppt
AIM of Education-Teachers Training-2024.pptAIM of Education-Teachers Training-2024.ppt
AIM of Education-Teachers Training-2024.ppt
 
What is 3 Way Matching Process in Odoo 17.pptx
What is 3 Way Matching Process in Odoo 17.pptxWhat is 3 Way Matching Process in Odoo 17.pptx
What is 3 Way Matching Process in Odoo 17.pptx
 
80 ĐỀ THI THỬ TUYỂN SINH TIẾNG ANH VÀO 10 SỞ GD – ĐT THÀNH PHỐ HỒ CHÍ MINH NĂ...
80 ĐỀ THI THỬ TUYỂN SINH TIẾNG ANH VÀO 10 SỞ GD – ĐT THÀNH PHỐ HỒ CHÍ MINH NĂ...80 ĐỀ THI THỬ TUYỂN SINH TIẾNG ANH VÀO 10 SỞ GD – ĐT THÀNH PHỐ HỒ CHÍ MINH NĂ...
80 ĐỀ THI THỬ TUYỂN SINH TIẾNG ANH VÀO 10 SỞ GD – ĐT THÀNH PHỐ HỒ CHÍ MINH NĂ...
 
HMCS Vancouver Pre-Deployment Brief - May 2024 (Web Version).pptx
HMCS Vancouver Pre-Deployment Brief - May 2024 (Web Version).pptxHMCS Vancouver Pre-Deployment Brief - May 2024 (Web Version).pptx
HMCS Vancouver Pre-Deployment Brief - May 2024 (Web Version).pptx
 
dusjagr & nano talk on open tools for agriculture research and learning
dusjagr & nano talk on open tools for agriculture research and learningdusjagr & nano talk on open tools for agriculture research and learning
dusjagr & nano talk on open tools for agriculture research and learning
 
Unit 3 Emotional Intelligence and Spiritual Intelligence.pdf
Unit 3 Emotional Intelligence and Spiritual Intelligence.pdfUnit 3 Emotional Intelligence and Spiritual Intelligence.pdf
Unit 3 Emotional Intelligence and Spiritual Intelligence.pdf
 
Understanding Accommodations and Modifications
Understanding  Accommodations and ModificationsUnderstanding  Accommodations and Modifications
Understanding Accommodations and Modifications
 
NO1 Top Black Magic Specialist In Lahore Black magic In Pakistan Kala Ilam Ex...
NO1 Top Black Magic Specialist In Lahore Black magic In Pakistan Kala Ilam Ex...NO1 Top Black Magic Specialist In Lahore Black magic In Pakistan Kala Ilam Ex...
NO1 Top Black Magic Specialist In Lahore Black magic In Pakistan Kala Ilam Ex...
 
On National Teacher Day, meet the 2024-25 Kenan Fellows
On National Teacher Day, meet the 2024-25 Kenan FellowsOn National Teacher Day, meet the 2024-25 Kenan Fellows
On National Teacher Day, meet the 2024-25 Kenan Fellows
 
21st_Century_Skills_Framework_Final_Presentation_2.pptx
21st_Century_Skills_Framework_Final_Presentation_2.pptx21st_Century_Skills_Framework_Final_Presentation_2.pptx
21st_Century_Skills_Framework_Final_Presentation_2.pptx
 
OSCM Unit 2_Operations Processes & Systems
OSCM Unit 2_Operations Processes & SystemsOSCM Unit 2_Operations Processes & Systems
OSCM Unit 2_Operations Processes & Systems
 
How to setup Pycharm environment for Odoo 17.pptx
How to setup Pycharm environment for Odoo 17.pptxHow to setup Pycharm environment for Odoo 17.pptx
How to setup Pycharm environment for Odoo 17.pptx
 
Tatlong Kwento ni Lola basyang-1.pdf arts
Tatlong Kwento ni Lola basyang-1.pdf artsTatlong Kwento ni Lola basyang-1.pdf arts
Tatlong Kwento ni Lola basyang-1.pdf arts
 
FICTIONAL SALESMAN/SALESMAN SNSW 2024.pdf
FICTIONAL SALESMAN/SALESMAN SNSW 2024.pdfFICTIONAL SALESMAN/SALESMAN SNSW 2024.pdf
FICTIONAL SALESMAN/SALESMAN SNSW 2024.pdf
 
How to Add a Tool Tip to a Field in Odoo 17
How to Add a Tool Tip to a Field in Odoo 17How to Add a Tool Tip to a Field in Odoo 17
How to Add a Tool Tip to a Field in Odoo 17
 
How to Manage Call for Tendor in Odoo 17
How to Manage Call for Tendor in Odoo 17How to Manage Call for Tendor in Odoo 17
How to Manage Call for Tendor in Odoo 17
 
TỔNG ÔN TẬP THI VÀO LỚP 10 MÔN TIẾNG ANH NĂM HỌC 2023 - 2024 CÓ ĐÁP ÁN (NGỮ Â...
TỔNG ÔN TẬP THI VÀO LỚP 10 MÔN TIẾNG ANH NĂM HỌC 2023 - 2024 CÓ ĐÁP ÁN (NGỮ Â...TỔNG ÔN TẬP THI VÀO LỚP 10 MÔN TIẾNG ANH NĂM HỌC 2023 - 2024 CÓ ĐÁP ÁN (NGỮ Â...
TỔNG ÔN TẬP THI VÀO LỚP 10 MÔN TIẾNG ANH NĂM HỌC 2023 - 2024 CÓ ĐÁP ÁN (NGỮ Â...
 

During the preparation of the bank reconciliation for Building Conce.pdf

  • 1. During the preparation of the bank reconciliation for Building Concepts Co., Joel Kimmel, the assistant controller, discovered that Lone Peak National Bank incorrectly recorded a $3,290 check written by Building Concepts Co. as $329. Joel has decided not to notify the bank but wait for the bank to detect the error. Joel plans to record the $2,961 error as Other Income if the bank fails to detect the error within the next three months. Discuss whether Joel is behaving in a professional manner. Solution Joel is not behaving in a professional manner, Joel record differece amount ($2961) as other income, this treatment is wrong because that amount can not be include in income of Building concepts Co.