uestion 12 estion 14 SPECIAL JOURNALS: In which journal is a purchase return recorded? A. Cash Receipts B. Cash Payments O BANK RECONCILIATION: If a bank reconciliation is done correctly, the adjusted bank balance and the adjusted book balance will? O A. Be the same amount B. The adjusted bank balance will always be more than the adjusted book balance O C. The adjusted bank balance will always be less than adjusted book balance O D. The adjusted bank balance is never the same as the adjusted book balance O E. None of the above C. Purchases D. General O E. None of the above Question 13 BANK RECONCILIATION: In a bank reconciliation, if the balance per the bank statement is 120,000 and the deposit in transit is 40,000 and the outstanding checks is 20,000, what is the amount of the adjusted bank balance? 2 points O A. 160,000 OB. 140,000 O C. 120,000 O D. 100,000 O E. None of the above Question 15 JOURNAL ENTRIES: What is the journal entry to record the sale of $5,000 of merchandise on account with a 500 sales discount? A. Dr. Accounts Receivable 5,000; Cr. Sales Revenue 5,000 o B. Dr. Sales Revenue 4,500; Cr. Accounts Receivable 4,500 O C. Dr. Cash 5,000 Cr. Sales Discounts 500 Cr. Sales Revenue 4,500 O o D. Dr. Accounts Receivable 4500 Dr. Sales Discounts 500 Cr. Sales Revenue 5,000 E. None of the above Question 16 JOURNAL ENTRIES: Using the perpetual method, what is the journal entry to record the purchase of $2,000 of merchandise inventory on account? A. Dr. Merchandise Inventory 2,000; Cr. Accounts Receivable 2000 B. Dr. Accounts Payable 2,000; Cr. Merchandise Inventory 2,000 C. Dr. Accounts Payable 2,000; Cr. Purchases 2,000 D. Dr. Merchandise Inventory 2,000 Cr. Accounts Payable 2,000 E. None of the above Question 14 Question 12 SPECIAL JOURNALS:n tithrali u Cash Hee Cash Parents Pachas BANK RECONCILIATION: If a bank reconciliation is done correctly, the adjusted bank balance and the adjusted book haarce will A. Be the same amount 8. The adjusted bank balance wil always be more than the adjusted book balance OC The adjusted bank balance will always be less than adusted bank balance OD The adjusted bank balance is never the same as the justed book bulance E. None of the above E. None of the Question 13 BANK RECONCILIATION in a bank reconciliation the balance or the bike wamemtis 20.000 and the depoch in transit 40.000 tonning checks is 20,000, what is the amount of the died on ble? 2 pointa O A 160.000 3.140,000 OC 120.000 OD. 100,000 O E. None of the above Question Question 1 OUINAL ENTRIES: Wscoumal try to recorteste 55.000 er medranden acou with a 20 h A. Dr. ALCOA Receivate Con Sals.5.000 Dr. Saks Rav4.500 CM Powerab 4500 C.Dr. Cashbu USCIS. Bakar D. Dr. A.canecer es SARICHI E. None of the above JOURNAL CITIES. Use the paper wat very to depunerede you? DAD Mechwy 2001 Attura laceratis B. Dr. Arnis Papa 2001. Marchestratory 2,000 C Dr. Att 20. 3.000 D.D. Merchanderi 2.000 m2 Natuwa
