Based on the May 2020 bank reconciliation completed in the following question, which of the following would not be a part of one of the three adjusting journal entries Poorten will record at May 31, 2020 to adjust the cash account balance? Group of answer choicesCredit to Interest Revenue for $25Debit to Outstanding Checks for $2,410Debit to Service Charge Expense for $25Debit to Accounts Receivable for $175

Q8(b): Assume ‘Allowance for Doubtful Accounts’ has a debit balance of $3,000 in the trial balance, prepare the adjusting journal entry to record bad debts expense for the financial year ended 31 March 2022. (3 marks)

An adjusting entry would not include which of the following accounts? Group of answer choices Cash Interest receivable Rates payable Revenue received in advance

The bank reconciliation of XYZ Co. is provided below. Demonstrate the entries needed to update the Cash account in the general ledger by selecting the correct answers below. Bank Statement Balance$2,010Book Balance$2,200Add: Deposit in transit600Add: Note receivable collected by bank100Less: Outstanding checks370Less: Bank service charges60Multiple select question.Debit Note Receivable $100 and credit Cash $100.Debit Bank Service Charge Expense $60 and credit Cash $60.Debit Cash $600 and credit Revenues $600.Debit Cash $100 and credit Note Receivable $100.Debit Miscellaneous Expense $370 and credit Cash $370.

Which of the following would be added to the ending balance as per the bank statement toenable reconciliation of that balance to the Cash at Bank account balance:(a) Dishonoured cheque(b) Cash receipt journal error recording cash of $454 which should have been recorded as$445(c) Unpresented cheque(d) Deposit not yet credited(e) Bank error in processing a receipt crediting $463 whereas $436 should have beencredited

Ref-3: On 1St March, 2023, the company borrowed $120,000 cash from the local bank on a one-year, 6% bank loan, and the transaction was recorded properly. The interest expense incurred is payable to the bank at the end of 12 months. What is the required adjusting journal entry for the 2023 30th June financial year end in relation to the interest expense incurred?