QUICKBOOKS ONLINE PLUS: A Complete Course 2019 C. Drawing D. Both A and B 2. When an owner works in a business, payment for services is made by A. Creating a Paycheck B. An Owner Withdrawal C. A contribution to a Special Fund D. Adding the time as an investment in the business 3. Reconciling a bank statement can help in finding the following types of errors recorded in the Checking account: A. A transaction that was recorded twice B. A transaction that was recorded backwards C. Transposition errors D. All of these can be found with a reconciliation 4. An entry to must be recorded at the end of the year. A. Transfer Net Income into the Owner's Capital account B. Transfer Net Income into the Checking account C. Close the adjusting entries for prepaid expenses D. Write a check to the owner for the amount of Net Income 5. When the Checking account and the bank account are reconciled, are recorded into the Checking account. A. Service Charges B. Automatic Payments C. Interest Earned on the account D. All the above