The 30 April bank reconciliation of M Co was prepared using the information below: Outstanding deposit $1 000 Ledger bank balance $2 700 Dr (adjusted) Unpresented cheques $620 What was the bank statement balance at 30 April? Select one: O a. $3 080 Dr O b. $2 320 Cr O c. $4 320 Cr O d. $2 320 Dr On 1 July 2014 Tan Traders paid $600, representing a two-year insurance premium. The $600 was initially recorded in the insurance expense account. The correct adjusting entry on 31 December 2014, the close of the annual accounting period, is which of the following? Select one: O a. Debit insurance expense $150; credit prepaid insurance $150 O b. Debit prepaid insurance $300; credit insurance expense $300 O c. Debit prepaid insurance $450; credit insurance expense $450 O d. Debit prepaid insurance $150; credit insurance expense $150 The balance of the Salaries Expense account is $1200. Which is the correct closing general journal entry? Select one: O a. Profit and Loss Summary 1200 Salaries Expense 1200 O b. Salaries Expense 1200 Profit and Loss Summary 1200 O c. Cash 1200 Salaries Expense 1200 O d. Salaries Expense 1200 TOP Cash 1200 BOTTOM I lay yucaLIUI Gourmet Cookware makes all sales on credit with 60% of the payment being received in the month of sale, 30% in the month following sale and the remaining 10% in the subsequent month. Budgeted sales are as follows: January $100000 February $140000 March $120000 The budgeted balance of debtors at 31 March is: Select one: O a. $62 000 O b. $48 000 O c. $120 000 O d. $74 000 Becker Carpets makes all sales on credit with 50% of the payment received in the month of sale, 40% in the month following the sale and the remaining 10% in the subsequent month. Budgeted sales are as follows: January $100 000 February $140 000 March $120 000 The budgeted receipts from debtors during March are: Select one: O a. $96 000 O b. $116 000 O c. $120 000 O d. $126 000