Accueil NARE Our Second Event Please highlight your multiple-choice answers in yellow Use good form for general entries Do your own work. What? R8 Another Accounting Assignment? 1. Prepare the general journal entry for Bunker Inc. to record the following On November 26 Bunker Inc. sold $3,250 of merchandise on account to Pennies, terms 1/10 3 The merchandise cost $1400 PR Dr Date 2. What is the last day of the discount period in Problem #1? 3. Prepare the general journal entry for Bunker Inc. to record the following. Pennies paid the amount due to Bunker Inc. in full PR DI Cr Date 4. A+ Accounting Company had sales of $2,600,000 and cost of goods sold of $1,250,000 Its gross profit equals: A. S417,000 C. $945,000 B. $1,350,000 D. S417,000 5. A Bank Reconciliation is prepared to correct differences between a company's records and the bank's records. The reconciliation is part of the A. Cost Benefit Principle C. Internal Control System B. Relevance Principle D. System Analysis