Great Falls Co.'s bank reconciliation as of February 28 is shown below. Bank balance + Deposit in transit - Outstanding checks Adjusted bank balance $ 39,243 Book balance 3,750 Note collection $ 39,623 905 2,530 Check printing 65 $ 40,463 Adjusted book balance $ 40,463 One of the journal entries that Great Falls Co. must record as a result of the bank reconciliation includes: Multiple Choice Debit Cash $3,750; credit Sales $3,750. Debit Miscellaneous Expense $65; credit Accounts Payable $65. Debit Cash $905; credit Notes Receivable $905. Debit Notes Payable $905; credit Cash $905. Multiple Choice Debit Cash $3,750; credit Sales $3,750. Debit Miscellaneous Expense $65; credit Accounts Payable $65. Debit Cash $905; credit Notes Receivable $905. Debit Notes Payable $905; credit Cash $905. Debit Cash $3,750; credit Accounts Receivable $3,750.

These are the solutions for question 9DQ. Three accounts: Debit Accounts Receivable for $243,600 Credit Notes Receivable for $240,000 Credit Interest Revenue for $3,600        I would like help on question 10QD

1. When posting all transactions to the ledgers, the cash account will show a total amount in the credit side of A. 118,200 B. 362,000 C. 243,800 D. 100,000   2. What is the final balance of the cash account after posting all related transactions to the ledger and after taking the difference between the total debits and credits? A. 243,800 credit balance B. 243,800 debit balance C. 362,000 debit balance D. 362,000 credit balance   3. After posting all related transactions to the ledger, the service revenue account will show a total balance of A. 82,000 debit B. 58,000 debit C. 82,000 credit D. 58,000 credit

Purchased goods for £1,000 paid by bank transfer. The correct transaction will be:                    Debit: ----------   Credit:  bank--------------

Which one of the following journal entry is Correct on 20th February 2020? a. Debit Cash OMR 150 Credit Sales return and allowances OMR 150 b. Debit Accounts receivable OMR 150 Credit Cash OMR 150 c. Debit Sales return and allowances OMR 150 Credit Accounts receivable OMR 150 d. Debit Accounts payable OMR 150 Credit Purchase returns and allowances OMR 150

Classification: Classify the normal balance of each account. Write “Dr” for normaldebit balance and “Cr” for normal credit balance. Write your answer on a clean sheetof paper.1. Sales Discount2. Freight-out3. Purchases4. Allowance for doubtful Accounts5. Accounts Payable6. Unearned Sales Revenue7. Salaries Expense8. Accrued Utilities Expense9. Store Supplies Used10. Store Furniture and Fixtures

Which one of the following journal entry is Correct on 1st January 2020? a. Debit Purchase OMR 11,400 Credit Accounts payable OMR 11,400 b. Debit Accounts receivable OMR 11,400 Credit Sales OMR 11,400 c. Debit Purchase OMR 12,000 Credit Accounts payable OMR 12,000 d. Debit Accounts payable OMR 12,000 Credit Purchase returns and allowances OMR 12,000

Which one of the following journal entry is Correct on 20th February 2020? a. Debit Accounts receivable OMR 150 Credit Cash OMR 150 b. Debit Sales return and allowances OMR 150 Credit Accounts receivable OMR 150 c. Debit Accounts payable OMR 150 Credit Purchase returns and allowances OMR 150 d. Debit Cash OMR 150 Credit Sales return and allowances OMR 150 Which one of the following journal entry is Correct on 10th January 2020? a. Debit Accounts payable OMR 9,000 Credit Cash OMR 9,000 b. Debit Cash OMR 11,400 Debit Discount OMR 600 Credit Accounts payable OMR 12,000 c. Debit Accounts payable OMR 9,000 Credit Cash OMR 8,550 Credit Discount OMR 450 d. Debit Cash OMR 8,550 Debit Discount OMR 450 Credit Accounts payable OMR 9,000 Which one of the following journal entry is Correct on 15th February 2020? a. Debit Sales OMR 15,000 Credit Accounts receivables OMR 15,000 b. Debit Accounts receivable OMR 15,000 Credit Sales OMR 15,000 c. Debit Accounts receivables OMR 15,000…

c.  The receipt of cash on account of $4,500 was recorded as a debit to Cash for $9,000 and a credit to Accounts Receivable for $4,500 The payment of $2,050 on account was debited to Accounts Payable for for $230 and credited to Cash for $2,050. Indicate whether the debit or credit total is higher and by how much.

Which special or general journal should be used in recording the following: Jan. 4 Prepaid Expense Dr. 60,000             Cash Cr. 60,000 Jan. 27 Supplies Inventory Dr. 10,000                Cash Cr. 10,000 Jan. 31 Dizon, Drawings Dr. 5,413                Cash Cr. 5000                Purchases Cr. 413 Types of Special Journal: Cash Receipts Journal Cash disbursements journal Sales journal Purchase journal General journal