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Quiz 2a - Quiz 2 Key 1 Which of the following would not be...

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Quiz 2 Key 1. Which of the following would not be considered good internal control for cash receipts? 2. After preparing a bank reconciliation, a check outstanding for the payment of advertising would be recorded with: 3. On November 10 of the current year, Flores Mills provides services to a customer for $8,000 with credit terms 2/10, n/30. The customer made the correct payment on November 17. What is Flores’ journal entry for the collection of cash on November 17? Cash 7,840 Sales Discounts 160 Accounts Receivable 8,000
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4. On December 31, 2012, Coolwear Inc. had balances in Accounts Receivable and Allowance for Uncollectible Accounts of $48,400 and $940, respectively. During 2013, Coolwear wrote off $820 in accounts receivable and determined that there should be an allowance for uncollectible accounts of $1,140 at December 31, 2013. Bad
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