Multiple Choice Questions (2 marks each unless otherwise specified) Answer all questions on scantron / bubble sheet. Choose the one alternative that best completes the statement or answers the question. 1) Which one of the following general ledger accounts has a normal credit balance? A) Prepaid expense B) Notes receivable C) Unearned revenue D) Dividends E) Insurance expense 2) A company showed the following account balances at the end of 20X5: Cash $62,000 Accounts Receivable 21,000 Accounts Payable 16,600 Unearned Revenue 1,200 Sales 112,000 Share Capital 71,500 Dividends 62,000 Office Supplies 2,800 Wages Expense Utilities Expense 45,000 8,500 Assuming all accounts have normal balances, what are the totals for the debit and credit colum in the trial balance? A) $201,100 B) $201,300 -C) $139,300 D) $129,800 3) A business is preparing its monthly bank reconciliation based on the following: Cash per book December 31, $3,500; Deposits in transit, $150; EFT collections by bank, $850; Bank charges, $2 Outstanding cheques, $2,000; and NSF cheque, $170. The adjusted cash balance per books on December 31 is: A) $1,650 B) $4,010 C) $2,310 D) $2,460 E) $4,160