Part II: Multiple Choice (Two points each answer; twenty points in total) 11) Midwest Enterprises uses special journals. The company borrowed $10,000 from the First National Bank. This transaction would be recorded in the a) General Journal b) Cash Receipts Journal c) Accounts Receivable Journal d) Debts Journal 12) PRT Company had cash sales of $94,275, credit sales of $83,450, sales returns s of $3,475 and sales discounts of $1,700. What is PRT's net sales for the period? a) $94,275 b) $172,550 c) $172,250 d) $176,025 13) On a bank reconciliation, the amount of an unrecorded bank service charge should be: a) added to the book balance for cash b) deducted from the book balance for cash c) added to the bank balance for cash d) deducted from the bank balance for cash 14) A company purchased a delivery van for $28,000 with a salvage value of $3,000 on September 1, 2019. The truck is estimated to last five years. Using the straight line method, How much depreciation expense should the company recognize on December 31, 2019? a) $5,000 b) $1,400 c) $1,250 d) $1,667