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Question 29 A check written by the company for $250 is incorrectly recorded by a company as $205. On the bank reconciliation, the $45 error
Question 29 A check written by the company for $250 is incorrectly recorded by a company as $205. On the bank reconciliation, the $45 error should be added to the balance per books O deducted from the balance per books. added to the balance per bank. deducted from the balance per bank. Question 33 M. Cornett is a corporation that sells breakfast cereal. Based on the accounts listed below, what are M. Cornett's total trade receivables? Income tax refund due $420 Advance due to the company from the company president 250 3-month note due from M. Cornett's main customer 1820 Interest due this month on the above note 80 Due and unpaid from this month's sales 8720 Due and unpaid from last month's sales 1050 $10820 $12340 $9770 O $11590 Question 39 The interest on a $20000, 5%, 1-year note receivable is $1000. $21000 $20450. $20000. Question 40 Windsor, Inc. lends Dobson industries $43200 on August 1, 2017, accepting a 9-month, 12% interest note. If Windsor, Inc. prepares its financial statements as of December 31, 2017, what adjusting entry must it make? Cash 2160 Interest Revenue 2160 Interest Receivable 2160 Interest Revenue 2160 Accounts Receivable 2160 Interest Receivable 2160 Notes Receivable 2160 Interest Revenue 2160
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