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In a bank reconciliation if the EFT collection is 8,000, what is the journal entry to record the EFT collection on account? A. Dr. Cash 8,000 Cr. Accounts Receivable 8,000 B. Dr. Accounts Receivable 8,000 Cr. Cash 8,000 C Dr. Cash 8,000 Cr. Accounts Payable 8,000 D. Dr. Accounts Payable 8,000 Cr. Cash 8,000 E. None of the above What is the amount of total interest to be earned on a $6,000 note at 10%, for 6 months? A. $600 B. 300 O C. 150 O D. 100 E. None of the above In a bank reconciliation, if the balance per the bank statement is 100,000 and the deposit in transit is 40,000 and the outstanding checks is 20,000, what is the amount of the adjusted bank balance? O A. 160,000 O B. 140,000 O C. 120,000 O D. 100,000 E. None of the above In a bank reconciliation, if the bank service charge is 600, what is the journal entry to record the bank service charge expense? O A. Dr. Cash 600 Cr. Bank Expense 600 O B. Dr. Bank Expense 600 Cr. Cash 600 O C. Dr. Interest Revenue 600 Cr. Cash 600 D. Dr. Cash 600 Cr. Interest Revenue 600 E. None of the above Company C currently has a balance in Allowance for Bad Debts of $1,000. Company C's aging schedule indicates that the balance in the Allowance for Bad Debts should be $10,000. What is the adjusting journal entry to increase the balance in the Allowance for Bad Debts to $10,000? O A. Dr. Bad Debts Expense 10,000; Cr. Allowance for Bad Debts 10,000 O C. Dr. Bad Debts Expense 9,000; Cr. Allowance for Bad Debts 9,000 D. Dr. Allowance for Bad Debts 9,000; Cr. Bad Debts Expense 9,000 E. None of the above

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