In preparing a bank reconciliation for the month of November 2019, Williams Colas available the following information Balance per company books, 11/30/19 $39,140 Bank service charges for November 35 Deposits in transit, 11/30/19 NSF check received from a customer in November 1.285 6,300 Outstanding checks, 11/30/19 2.900 What is the correct amount of cash for this checking account at November 30, 2019? A B. $40,390. $39,140 C. D. $37,820 $35,740. 15. All of the following are reported as contra accounts in a balance sheet except: A. B. Additional Paid-in Capital. Allowance for Doubtful Accounts. Discount on Bonds Payable. Treasury Stock. D. 16. On July 1, 2019, Hicks Co. enters into a 3-year service contract with a customer and collects the fee for the first 12 months in advance. Hicks uses a balance sheet approach to recording the collection in advance. At December 31, 2019, Hicks makes the adjusting entry needed. How does the adjusting entry affect Hicks' balance sheet elements? A B. Assets Increase Decrease No Effect Increase Liabilities No Effect Decrease Decrease Increase Equities Increase Decrease Increase No Effect D. 17. For a company using a periodic inventory system and the net method to account for purchase discounts, the amount of a purchase discount missed from delaying payment to a supplier until after the discount period expires should appear in the: Inventory account. Purchase Discounts Lost account. Purchase Discounts account. Purchases account. C. D. Applying the allowance method, what journal entry is required to write off a specific customer account as uncollectible? B. Debit Bad Debt Expense, credit Accounts Receivable. Debit Allowance for Doubtful Accounts, credit Accounts Receivable. Debit Bad Debt Expense, credit Allowance for Doubtful Accounts. Debit Allowance for Doubtful Accounts, credit Bad Debt Expense. C. D