The Following Information Is Available to Reconcile Sleepy Time Bedding's

question 14

Multiple Choice

The following information is available to reconcile Sleepy Time Bedding's book balance of cash with its bank statement cash balance as of July 31: What is the appropriate journal entry to record the collection made by the bank?

• A)Debit to cash $9,500 credit to accounts receivable $9,500.
• B)Credit to accounts receivable $9,500 credit to cash $9,500.
• C)Debit to cash $9,452 debit to collection expense $48 credit accounts receivable $9,500.
• D)Debit to cash $9,452 debit to collection expense $48 credit notes receivable $9,500.
• E)No adjusting entry is necessary.

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Definitions:

Aquatic Community

A group of species that live in the same habitat and interact with each other in a body of water.

Estuaries

Coastal water bodies where river meets the sea, mixing fresh and saltwater and creating ecosystems with high biological productivity.

Nursery

A place specifically designed for the care and growth of young plants, trees, or children, providing appropriate conditions for development.

Sea

A large body of saltwater that is often connected to an ocean and may be partially or completely surrounded by land.