1.)

On October 31, 2015, your company's records say that the company has $16,451.03 in its checking account. A review of the bank statement shows you have three outstanding checks totaling $5,643.01, and the bank has paid you interest of $12.19 and charged you $9.00 in service charges. The bank statement dated October 31, 2015 would report a balance of:

$10,811.21

$22,090.85

$22,097.23

$10,804.83

On July 1, 2016, Empire Inc. lends $15,600 to a customer and receives a 10% note due in two years. Interest is due in full on July 1, 2018, the due date of the note. What is the amount of Interest Revenue that will be reported on Empires income statement for the year ended December 31, 2016?

$1,560.

$910.

$3,120.

$780.

A company plans to decrease a $280 petty cash fund to $115. The current balance in the account includes $75 in receipts and $245 in currency. The entry to reimburse and reduce the size of the petty cash fund will include a:

credit to Cash for $130.

debit to Cash for $130.

debit to Petty Cash for $75.

debit to Petty Cash for $115.