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1) Which of the following differences on a bank reconciliation does not require the company to make an adjusting journal entry? Bank service charges Interest

1) Which of the following differences on a bank reconciliation does not require the company to make an adjusting journal entry?

Bank service charges

Interest earned

EFT collection

from a customer

Outstanding checks

2)Which method of depreciation generally results in the highest amount of depreciation expense in an assets first year of use?

Straight-line

Units of production

Double declining balance

No method consistently has higher depreciation

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