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What type of account is accounts receivable? A. Asset B. Liability C. Equity--Capital O D. Equity--Revenue O E. None of the above What is the
What type of account is accounts receivable? A. Asset B. Liability C. Equity--Capital O D. Equity--Revenue O E. None of the above What is the adjusting journal entry to record the accrual of $100 of interest income on a note receivable? A. Dr. Interest Receivable 100 Cr. Cash 100 O O O B. Dr. Interest Expense 100 Cr. Cash 100 C. Dr. Cash 100 Cr. Interest Payable 100 D. Dr. Cash 100 Cr. Interest Expense 100 E. None of the above What type of account is bank expense? A. Asset O B. Liability C. Equity--Capital D. Equity--Revenue E. Equity-Expense In a bank reconciliation if the outstanding checks are 10,000, what is the journal entry to record the outstanding checks? O A. Dr. Outstanding Checks 15,000 Cr. Cash 15,000 B. No Entry C. Dr. Outstanding Checks 15,000 Cr. Deposit in Transit 15,000 D. Dr. Deposit in Transit 15,000 Cr. Outstanding Checks 15,000 E. None of the above O What type of account is bad debts expense? A. Asset B. Liability C. Equity-Expense D. Equity--Revenue E. None of the above
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