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Multiple Choice: If at the end of the accounting period, the account GST Paid on Purchases had a $543 balance and the account GST Charged

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Multiple Choice: If at the end of the accounting period, the account GST Paid on Purchases had a $543 balance and the account GST Charged on Sales had a $345 balance the final entry to account for GST would include an: A. Accounts Receivable for $198 B. Accounts Payable for $543 C. Accounts Payable for $345 D. None of the above While completing a bank reconciliation, you discover that your month-end bank statement includes one of your cheques written by your company BUT the cheque amount does not match the amount written in either the journal or the ledger for this account. You: A. Adjust the books side of the bank reconciliation B. Investigate what happened before doing anything to the bank reconciliation C. Contact the bank and have them fix this at their end D. Cancel the cheque

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