1.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. Added in the book part of the reconciliation
		D. Subtracted in the book part of the reconciliation
		E. None of the above

2. On December 1, 2020 Company D sold merchandise in exchange for a $10,000 note receivable. What is the journal entry to record the receipt of the note?

		A. Dr. Notes Receivable 10,000 Cr. Sales Revenue 10,000
		B. Dr. Sales Revenue 10,000 Cr. Notes Receivable 10,000
		C. Dr. Accounts Receivable 10,000 Cr. Sales Revenue 10,000
		D. Dr. Sales Revenue 10,000 Cr. Accounts Receivable 10,000
		E. None of the above

3. In a bank reconciliation, if the balance per the bank statement is 100,000 and the deposit in transit is 60,000 and the outstanding checks is 20,000, what is the amount of the adjusted bank balance?

		A. 160,000
		B. 140,000
		C. 120,000
		D. 100,000
		E. None of the above

4. What type of account is bad debts expense?

		A. Asset
		B. Liability
		C. EquityExpense
		D. Equity--Revenue
		E. None of the above

5. What type of account is bank expense?

		A. Asset
		B. Liability
		C. Equity--Capital
		D. Equity--Revenue
		E. EquityExpense

6. Company C currently has a balance in Allowance for Bad Debts of $1,000. Company C's aging schedule indicates that the balance in the Allowance for Bad Debts should be $10,000. What is the adjusting journal entry to increase the balance in the Allowance for Bad Debts to $10,000?

		A. Dr. Bad Debts Expense 10,000; Cr. Allowance for Bad Debts 10,000
		B. Dr. Bad Debts Expense 9,000; Cr. Allowance for Bad Debts 9,000
		C. Dr. Allowance for Bad Debts 9,000; Cr. Bad Debts Expense 9,000
		D. Dr. Allowance for Bad Debts 11,000; Cr. Bad Debts Expense 11,000
		E. None of the abov