QUESTION 23 An adjusting entry is required for: Not yet answered Marked out of 1.00 Select one: P Flag question O a Bank errors b. Outstanding checks c. Deposit in transit O d. Collection of a note by the bank QUESTION 24 Not yet answered Mazaya Company sold equipment for R0 24,000. The equipment had an original cost of R.O.36,000 and accumulated depreciation of R0.18.000. As a result of the sale, Marked out of 100 P Flag question Select one a Net income will increase R.0.6.000. b. Net income will decrease R.06,000 c Net income will decrease R 0.12,000 d. Net income will increase R0.12,000