5 points Saved What type of account is interest revenue? A. Asset O B. Liability C. Equity--Capital D. Equity-Revenue E. Equity--Expense Question 1 of 20 > A Moving to the next auestion prevents changes to Question 2 of 20 > A Moving to the next question prevents changes to this answer. 5 points Saved If a bank reconciliation is done correctly, the adjusted bank balance and the adjusted book balance will? A. Be the same amount B. The adjusted bank balance will always be more than the adjusted book balance C. The adjusted bank balance will always be less than adjusted book balance D. The adjusted bank balance is never the same as the adjusted book balance E. None of the above Question 3 of 20 > A Moving to the next question prevents changes to this answer. 5 points Save Answer O A. What type of account is allowance for bad debts? A. Asset O B. Contra Revenue O C. Contra Asset D. Equity--Revenue E. None of the above Question 4 of 20 > A Moving to the next question prevents changes to this answer. 5 points Save Answer For the year ended December 31, 2019, Company B earned net credit sales of $600,000. Industry experience suggests that bad debts will amount to 1% of net credit sales. How much is the bad debts expense for 2019? O A. 600,000 B. 60,000 O C. 12,000 O D. 6,000 E. None of the above In a bank reconciliation, the amount for interest revenue 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