a Question 3 12 marks When the following accounts increase will it be a debit or a credit? Machinery 11 Dividend Prepaid expense 1 111 1 11 6. When the following accounts decrease will it be a debitor a credit? Share capital Notes payable Rent expense Question 4 - Which items from the below will not be required to prepare an income statement? 8 marks Accounts payable Rent expense Cash Cost of goods sold Dividend 1 Sales revenue Income tax expense Prepaid Insurance Question 5 - Prepare bank reconciliation and required adjusting journal entries for Blue Company for June 30, 2019 using the following information: 40 marks The balance on the June 30, 2019 bank statement is $40,206 The balance on the cash account in the book on June 30, 2019 books is $31412. The accountant mistakenly recorded a $325 cash payment as $424. The bank mistakenly recorded a deposit of $4,300 into Blue Company account on June 18 that was made by a different company. The bank statement indicated bank service charges of $55 for June 2019. Outstanding cheques as of June 30, 2019, amount to $5,725. Deposits in transit as of June 30, 2019, amount to $1275