Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Question 6 Question 1 BANK RECONCILIATION: What type of account is interest revenue? O A. Asset O B. Liability OC Equity--Capital on. Equity--Revenue O E
Question 6 Question 1 BANK RECONCILIATION: What type of account is interest revenue? O A. Asset O B. Liability OC Equity--Capital on. Equity--Revenue O E Fouity-Expense BANK RECONCILIATION: In a bank reconciliation if the outstanding checks are 15,000, what is the journal entry to record the outstanding chedes? O A Dr. Outstanding Checks 15,000 Cr. Cash 15,000 O B. Dr. Cash 15,000 Cr. Outstanding Checks 15.000 O C. Dr. Outstanding Checks 15,000 Cr. Deposit in Transit 15,000 OD. Dr. Deposit in Transit 15,000 Cr Outstanding Checks 15,000 O E. None of the above uestion 2 FINANCIAL STATEMENTS. For Company in the statement of owner's equity the beginning captalbance on 1/20 ms 5.000, the owner contribution was 20,000, the net income for January was 15,000 and 11 owner withdrawal 5,000. How much is the ending capital balance at 1/31/2017 O A 40,000 B. 35.000 C30,000 D. 25,000 E. None of the above Question 3 Question 4 RANK RECONCILIATION: In a bank reconciation, the amount for outstanding checks? SPECIAL JOURNALS: In which journal is an adjusting entry recorded? o A. Added in the bank part of the reconciliation A. Subtracted in the barik part of the reconciliation C. Subtracted in the book part of the reconciliation A. Cash Receipts O O B. Cash Payments D. Added in the book part of the reconciliation E. None of the abue o C. General D. Sales E. None of the above O
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started