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2?. The following information was gathered to assist in a bank reconciliation: 02,000 Bank . efor Checks $100 Customer NSF Check $3,200 lIIJutstandin Checks $2
2?. The following information was gathered to assist in a bank reconciliation: 02,000 Bank . efor Checks $100 Customer NSF Check $3,200 lIIJutstandin Checks $2 234 Bank Balance $1,205 Which the following would require journal entries? a. Depositsin~transit, Bank Charge for Checks, Customer NSF Check h. Bank Charge for Checks, Customer NSF Check, Outing Standing Checks c. Bank Charge for Checks and Customer NSF Check d. All amounts would require journal entries 20. We make a credit sale with our customer using a bank credit card which allows for immediate payment to us. The sale was for $10,000 and carried a 2 percent fee. To record this sale we will: Debit Cash for $10,000 and credit Sales for $10,000. Debit Accounts Receivable for $10,000 and credit Sales for $10,000. Debit Accounts Receivable for $9,000 and credit sales for $9,000 None of the above FLIP?!\" lDur company had the following normal account balances prior to any adjustments being made: SSDUfH} Accounts Receivable $1,000,000 Allowance for Doubtful Accounts $13 000 credit balance Credit Sales $190,000 050 000 Based on this information, answer questions 29 31 29. If we believe that 2 percent of Credit Sales will be uncollectable, we should make the following journal entry: a. Debit Bad Debt Expense $3,000, credit Allowance for Doubtful Accounts $3,000. b. Debit Bad Debt Expense $2,000, credit Allowance for Doubtful Accounts $2,000. c. Debit Bad Debt Expense $3,500, credit Allowance for Doubtful Accounts $3,500
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