Please correct the asnwer as soon as possible

33. Which one of the following items would be added to the balance per bank statement in a bank reconciliation?

	a.	Outstanding checks
	b.	Deposits in transit
	c.	Service charge
	d.	Interest on customer note

34. The accountant for Busch Corp. was preparing a bank reconciliation as of February 28, 2016. The following items were identified:

Buschs book balance	$15,000
Outstanding checks	2,500
Service charge	15
Customer's NSF check returned by the bank	100

What amount will Busch report as its adjusted cash balance at February 28, 2016?

	a.	$12,385
	b.	$12,500
	c.	$14,885
	d.	$17,385

36. Which one of the following is an accurate description of Allowance for Doubtful Accounts?

	a.	Contra account
	b.	Liability account
	c.	Revenue account
	d.	Expense account

39. Verilux Company sold merchandise to Flight Corp. on November 1, 2016, for $10,000. Verilux accepted a promissory note from Flight Corp. for $10,000. The note has a term of 5 months and a stated interest rate of 7%. Veriluxs accounting period ends on December 31, 2016. What amount should Verilux recognize as interest revenue on December 31, 2016?

	a.	$ -0-
	b.	$ 116.67
	c.	$ 291.67
	d.	$ 280.00

40. On February 1, 2016, Vermont Corp. pays $50,000 for shares of Stream, Inc. common stock and another $1,000 in commissions.

Assume that Vermont sells the Stream stock on May 20, 2016, for $53,000. In this case, Vermont recognizes

	a.	An increase in assets and stockholders' equity for $2,000.
	b.	An decrease in assets and an increase in stockholders' equity for $2,000.
	c.	An increase and decrease in assets by the same amount.
	d.	An increase in assets and stockholders' equity for $3,000.