QUESTION 5 + While performing its monthly bank reconciliation, the bookkeeper for the Mosaic Company firm's books as $241. Which of the following shows the effect of the correcting entry on the Balance Sheet Income Statement Statement of Cash Flows Assets = Liabilities Stockholders' Equ A. 180 n/a B. (180) nia C. (421) n/a D. (180) n/a Option B Option D Option A Option C Click Save and Submit to save and submit. Click Save AL Answers to save all answers. discovered that a check written for $421 for advertising expense was recorded in the e financial statements? Equity Revenue - Expense = Net Income 180 nla (180) 180 180 OA (180) n/a 180 (180) (180) OA (421) n/a 421 (421) (421) OA (180) n/a 180 (180) (421) OA QUESTION 6 Which of the following is not one of the articles of the AICPA Code of Professional Conduct O Conservatism Due Care o Objectivity and Independence Integrity QUESTION 7 Click Save and Submit to save and submit. Click Save AM Answers to save all answers. QUESTION 7 The April 30 bank statement for Trimble Corporation shows an ending balance of $3- gathered the following information: There was a deposit in transit for $4,240. The bank statement reports a service charge of $39. A credit memo included in the bank statement shows interest earned of $95. Outstanding checks totaled $10,935. The bank statement included a $650 NSF check deposited in April. . . What is the true cash balance as of April 30? O $31,896 O $27 656 $27006 $31 801 f $34,351. The unadjusted cash account balance was $28,250. The accountant for Trimble $95. QUESTION 8 High Ridge Merchandising Company purchased inventory that had a list price of $10,000. Th amounted to $300. Assuming High Ridge paid cash for the inventory after the discount period O $9,800 $10.100 $10.300 $10,000 Click Save and Submit to sque and submit Click Save All Answers to sane all ansicers 0,000. The purchase was made under terms 2/10, net 30 FOB shipping point Freight costs int period, the cost of the inventory was wers