Marketing Products Company issued common stock in exchange for $75,000 cash. What journal entry should be made to record this transaction? Multiple Choice Account Cash Common Stock Debit Credit 75,000 75,000 On November 30, Arches Company's cash balance per its general ledger is $7,844. The bank's cash balance per the November 30 bank statement is $5,942. The following information is gathered from the bank statement and company records: Checks outstanding $ Deposits outstanding Interest earned on bank account Service fee 5454595A 1,325 $ 3,238 $ 36 $ 25 What is the company's correct ending balance of cash on November 30, per the reconciliation? Inventory records for Best Supply Company revealed the following: Date Transaction Mar 1 Mar 12 Mar 20 Beginning inventory Purchase Purchase Number of Units Unit Cost 50 $3 200 $4 400 $5 The company sold 600 units during the month. Calculate the ending inventory assuming the company uses weighted-average cost. (Do not round intermediate calculations, but round your final answer to the nearest whole dollar.) Harvest Company established a petty cash fund of $200. What journal entry should be made to establish the fund? Multiple Choice Account Cash Petty Cash Debit Credit 200 200 On March 1, 2021 a company paid $30,000 in advance for a one-year insurance policy. What adjusting entry should be made on December 31, 2021? (Assume that no financial statements were prepared during the year and no adjusting entries have been recorded.) Multiple Choice Account Debit Credit Prepaid Insurance 22,500