1. BANK RECONCILIATION: In a bank reconciliation, the amount for interest revenue is? A. Added in the bank part of the reconciliation B. Subtracted in the bank part of the reconciliation C. Subtructed in the book part of the reconciliation D. Added in the book part of the reconciliation E. None of the above 2 FINANCIAL STATEMENTS: For Company X in the statement of owner's equity the beginning capital balance on 1/1/20 was-O-, the owner contribution was 20.000, the net income for January was 15,000 and the owner withdrawal 5,000. How much is the ending capital balance at 1/31/20? A. 40,00 B. 35.00) C. 30.000 D. 25,000 E. None of the above 3. INVENTORY METHODS: Co. Chas the following units of beginning inventory and purchases for the year: beginning inventory 300 units at $20 each and a 2/28 Purchase 300 units at $50 each. Using the FIFO method, if the ending inventory is 200 units, what is the cost of the ending inventory? A. 10.000 B. 8.000 C. 6.000 D. 4.000 E. None of the above 4. INVENTORY METHODS: Co, B. Using the specific identification method, the following units make up the total of 500 units in ending inventory: V1 Beginning inventory of 200 units at S10 each, a purchase 2/28 of 200 units at $20 each and a purchase 6/15 of 100 units at$30 cach. What is the total cost of the ending inventory? A. 9. c B. 8,000 C. 6,000 D. 4,000 c E. None of the above 5. JOURNAL ENTRIES: What is the journal entry to record the sale of $2,000 of merchandise on account? A. Dr. Accounts Receivable 2.000: Cr. Sales Revenue 2.000 B. Dr. Sales Revenue 2.X); Cr. Acecounts Receivable 2.000 C. Dr. Cash 2,000: Cr. Sales Revenue 2,000 D. Dr. Sales Revenue 2,000: Cr. Accounts Payable 2,000 E. None of the above G 9. BANK RECONCILIATION: In a bank reconciliation, the amount of the NSF check is? A. Added in the bank part of the reconciliation B. Subtracted in the bank part of the reconciliation C. Subtracted in the book part of the reconciliation D. Added in the book part of the reconciliation F. None of the above