Great Falls Co One of the Adjusting Journal Entries That Great Falls Must

Great Falls Co.'s bank reconciliation as of February 28 is shown below.
$$\begin{array} { | l | r | l|r| } \hline \text { Bank balance } & \$ 37,643& \text { Book balance } & \$ 38,153 \\\hline + \text { Deposit in transit } & 2,950& \text { Note collection } & + 745 \\\hline \text { - Outstanding checks } & \underline { - 1,730 }&\text { Check printing } & \underline { - 35 } \\\hline \text { Adjusted bank balance } & \$ 38,863 &\text { Adjusted book balance } & \$ 38,863 \\\hline\end{array}$$
One of the adjusting journal entries that Great Falls must record as a result of the bank reconciliation includes:

A) Debit Note Payable $745; credit Cash $745.
B) Debit Cash $745; credit Note Receivable $745.
C) Debit Cash $2,950; credit Sales $2,950.
D) Debit Cash $2,950; credit Accounts Receivable $2,950.
E) Debit Miscellaneous Expense $35; credit Accounts Payable $35.