37. JOURNAL ENTRIES: What is the journal entry to record the sale of $2,000 of merchandise on account with a sales discount of 200?

		A. Dr. Accounts Receivable 2,000; Cr. Sales Discounts 200 Cr. Sales Revenue 1,800
		B. Dr. Sales Revenue 1,800; Cr. Accounts Receivable 1,800
		C. Dr. Cash 1,800; Dr. Sales Discounts 200 Cr. Sales Revenue 2,000
		D. Dr. Sales Revenue 2,000; Cr. Accounts Payable 2,000
		E. None of the above

38. JOURNAL ENTRIES: The balance in withdrawals is 15000 and the name of the owner of the company is Ruiz. What is the closing entry?

		A. Dr. Income Summary 15,000; Cr. Ruiz, Withdrawals 15,000
		B. Dr. Ruiz Withdrawals 15,000; Cr. Ruiz Capital 15,000
		C. Dr. Income Summary 15,000; Cr. Ruiz, Capital 15,000
		D. Dr. Ruiz Capital 15,000; Cr. Income Summary 15,000
		E. None of the above

39. JOURNAL ENTRIES: What is the adjusting journal entry to record the accrual of $1,000 of interest income on a note receivable?

		A. Dr. Note Receivable 1,000; Cr. Interest Revenue 1,000
		B. Dr. Interest Receivable 1,000; Cr. Note Receivable 1,000
		C. Dr. Interest Receivable 1,000; Cr. Interest Revenue 1,000
		D. Dr. Cash 1,000; Cr. Note Receivable 1,000
		E. None of the above

40. BANK RECONCILIATION: In a bank reconciliation if the EFT collection is 10,000, what is the journal entry to record the EFT collection on account?

		A. Dr. Cash 10,000 Cr. Accounts Payable 10,000
		B Dr. Cash 10,000 Cr. Accounts Receivable 10,000
		C. Dr. Accounts Payable 10,000 Cr. Cash 10,000
		D. Dr. Accounts Receivable 10000 Cr. Accounts Payable 10000