Question 20 What type of account is interest revenue? In a bank reconciliation, the amount for the service charge is? A Asset A. Added in the bank part of the reconciliation o B. Liability B. Subtracted in the bank part of the reconciliation C. Equity--Capital C. Added in the book part of the reconciliation D. Equity-Expense O D. Subtracted in the book part of the reconciliation E. None of above E. None of the above UCSLIUN 15 Question 1 Question 18 For the year ended December 31, 2020, Company B earned net credit sales of $600,000. Industry experience suggests that bad debts will amount to 1% of net credit sales. How much is the bad debts expense for 2020? A. 600,000 5 points B. 60,000 What type of account is accounts receivable? O A. Asset O B. Liability O C. Equity--Capital O D. Equity--Revenue O E. None of the above C. 12,000 D. 6,000 O E. None of the above Question 19 In a bank reconciliation, the amount of the NSF check is? O A. Added in the bank part of the reconciliation O B. Subtracted in the bank part of the reconciliation O C. Added in the book part of the reconciliation O D. Subtracted in the book part of the reconciliation O E. None of the above W