Acompany deposited a $420 check in its bank account. however, the amount was recorded as $240 in the company’s books (checkbook). which journal entry adjustment should the accountant make? a. the cash account will be debited by $420. b. the cash account will be credited by $240. c. the cash account will be debited by $180. d. the cash account will be credited by $420.

1. what is the amount of interest earned after two years on a $100 deposit paying 4 percent simple interest annually? $8.00 $4.08 $8.16 $4.00 2. what is the amount of compound interest earned after three years on a $100 deposit paying 8 percent interest annually? $24.00 $8.00 $16.64 $25.97 3. a business just took out a loan for $100,000 at 10% interest. if the business pays the loan off in three months, how much did the business pay in interest? $2,500.00 $10.00 $250.00 $10,000.00 4. what is the annual percentage yield (apy) for a deposit paying 5 percent interest with monthly compounding? 5.00% 5.12% 79.59% 0.42%