Great Falls Company's bank reconciliation as of February 28 is shown below. Bank balance +...
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Accounting
Great Falls Company's bank reconciliation as of February 28 is shown below. Bank balance + Deposit in transit - Outstanding checks Adjusted bank balance $ 39,643 Book balance 3,950 Note collection - 2,730 Check printing $ 40,863 Adjusted book balance $ 40,003 +945 -85 $ 40,863 One of the journal entries that Great Falls Company must record as a result of the bank reconciliation includes: Multiple Choice Debit Notes Payable $945; credit Cash $945. Debit Cash $945; credit Notes Receivable $945 Debit Cash $3.950, credit Sales $3.950 Debit Notes Payable $945; credit Cash $945. Debit Cash $945; credit Notes Receivable $945. O Debit Cash $3,950; credit Sales $3,950. Debit Cash $3,950; credit Accounts Receivable $3,950. Debit Miscellaneous Expense $85; credit Accounts Payable $85
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