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25 points Mason Company gathered the following information from its accounting records and the October bank statement to prepare the October bank reconciliation Ending cash balance per books: 10/31 $3.500 beposits in transit 150 nterest received from bank 850 Bank service charge for check printing 30 Outstanding Checies 2006 NSF check of T. Owens Use the information above to answer the following question: What journal entry would Mason Company be required to record for the interest received from the banks O A Debit interest Recevable and credit interest Revenue for 5850. O B. Debit Cash and credit interest Revenue for 5850 C Debit interest Revenue and credit Cash for 5850. D.No journal entry is required because the bank is aware of the interest payment When prices are declining, the inventory method that results in the highest ending inventory is: O A. FIFO B.LIFO OC Weighted Average O D. Specific identification A merchandise company's beginning inventory plus merchandise purchases minus ending inventory equals: O A ending inventory B.cost of goods sold. oc goods available for sale. D. sales level. 25 points The 2006 records of CPS Corporation showed beginning inventory, 56.006 cont of goods sold 5:4.000 and ending inventory S8.000 The cost of others for 2008 O A 512.000 CD 510.000 DC39000 O 0.516,000