week 4 quiz - 1 Question $200.Thecompany'...

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 1. Question : The allowance for uncollectible accounts currently has a credit balance of $200. The company's management estimates that  2.5% of net credit sales will be uncollectible. Net credit sales are $115,000. What will be the amount of uncollectible-account  expense reported on the income statement?                2. Question : A petty cash fund was established with a $250 balance. It currently has cash of $31 and petty cash tickets totaling $219.  Which of the following would be included in the entry to replenish the fund?                3. Question : Which of the following items will NOT appear on the books side of the reconciliation?
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               4. Question : Which of the following items found on a bank reconciliation does NOT require an adjusting entry?  
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This note was uploaded on 06/13/2011 for the course ACC 205 taught by Professor Robertcarr during the Spring '10 term at Ashford University.

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week 4 quiz - 1 Question $200.Thecompany'...

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