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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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