Question: Chapter 6 Post Quiz Flashcard x newconnect.mheducation.com/flow/connect.html + C Test 2 0 23 Great Falls Co.'s bank reconciliation as of February 28 is shown below.
Chapter 6 Post Quiz Flashcard x newconnect.mheducation.com/flow/connect.html + C Test 2 0 23 Great Falls Co.'s bank reconciliation as of February 28 is shown below. Bank balance + Deposit in transit - Outstanding checks Adjusted bank balance $37,643 2,950 -1,730 $38,863 Book balance Note collection Check printing Adjusted book balance $38,153 +745 -35 $38,863 One of the adjusting journal entries that Great Falls must record as a result of the bank reconciliation includes: Multiple Choice O Debit Note Payable $745, cred Cash $745. O Debit Cash $745, credit Note Receivable $745. O Debit Cash $2.950. credit Sales $2.950. O Debit Cash $2.950: credit Accounts Recevable $2.950. C ) Debat Miscellaneous Expense $35. Credit Accounts Payable $35
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