11.What is the normal balance in each of these accounts? (Use the following abbreviations to answer this question; D - Debit , C- Credit) 1 .Bank deposit 6- .Cash 7 . Inventory 8- .Prepaid insurance . Bank loan Sales revenue 2- . .Accounts payable „Capital .Retained earnings 3-. 4-. 9-. 5- . ..Accounts receivable 10-.

1. When posting all transactions to the ledgers, the cash account will show a total amount in the credit side of A. 118,200 B. 362,000 C. 243,800 D. 100,000   2. What is the final balance of the cash account after posting all related transactions to the ledger and after taking the difference between the total debits and credits? A. 243,800 credit balance B. 243,800 debit balance C. 362,000 debit balance D. 362,000 credit balance   3. After posting all related transactions to the ledger, the service revenue account will show a total balance of A. 82,000 debit B. 58,000 debit C. 82,000 credit D. 58,000 credit

1a. Journalize the entries to record the 201 transactions. Round all amounts to the nearest dollar. Refer to the Chart of Accounts for exact wording of account titles. 1b. Journalize the entries to record the 20Y2 transactions. Refer to the Chart of Accounts for exact wording of account titles. Round all amounts to the nearest dollar.

9. Statement 1: Sales has a normal balance of a credit while Purchases has a normal balance of a debit. Statement 2: Accounts Receivable has a normal balance of a debit while Accounts Payable has a normal balance of a credit. a. Both statements are true b. Only Statement 1 is true c. Only Statement 2 is true d. Both statements are false 10. Statement 1: Statement of Financial Position was previously known as Balance Sheet. Statement 2: Statement of Financial Position is composed of three accounting elements which are the Assets, Liabilities and Owner's Equity. a. Both statements are true b. Only Statement 1 is true c. Only Statement 2 is true d. Both statements are false 11. Statement 1: Statement of Financial Position answers the question on how much is owned by business which refers to "Assets" Statement 2: The accounting equation, Aseets= Liabilities + Owner's Equity reflects the normal balances of accounts. a. Both statements are true b. Only Statement 1 is true c. Only Statement 2…