ABC Ltd. Received a payment at the maturity of a Promissory Note it had signed with its customer. The note was for $6,000 for 60-day period bearing interest at 5%. What is the total amount of payment received by the company? (A) $300 (B) $6,300 (C) $49.32 (D) $6,049.32 O A. $300 O B. $6,300 O C. $49.32 O D. $6,049.32 A company's bank statement at Dec.31,2020 showed balance of $16,500 while the Company's book had a balance of $8,800 on same date. It was subsequently discovered that the total outstanding cheques were $8,000 and $1,050 respectively while the total deposits in transit totaled $1,500. Total debit memos amounted to $50. Interest earned was $200 What is the Bank Reconciled balance? (A) $ 9,050 (B) $7,700 (C) $ 8,950 (D) $ 9,000 O A. $ 9,050 OB. $ 7,700 O C. $ 8,950 O D. $ 9,000 The journal entry for initially creating a Petty Cash Fund is: (A) Debit Cash and Credit Expenses (B) Debit Petty Cash and Credit Expenses (C) Debit Petty Cash fund and Credit Cash (D) Debit Expenses and Credit Cash O A. Debit Cash and Credit Expenses O B. Debit Petty Cash and Credit Expenses O C. Debit Petty Cash fund and Credit Cash O D. Debit Expenses and Credit Cash