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ACCT 304 Quiz 5 Solution

ACCT 304 Quiz 5 Solution
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ACCOUNTING

ACCT 304 Quiz 5

MULTIPLE CHOICE

1. In exercise 7-1, requirement 1, letter (a) is included in the cash and cash equivalent calculation? True False

2. In exercise 7-1, requirement 1, letter (b) is included in the cash and cash equivalent calculation? True False

3. In exercise 7-1, requirement 1, letter (c) is included in the cash and cash equivalent calculation? True False

4. In exercise 7-1, requirement 1, letter (d) is included in the cash and cash equivalent calculation? True False

5. In exercise 7-1, requirement 1, letter (e) is included in the cash and cash equivalent calculation? True False

6. In exercise 7-1, requirement 1, letter (f) for $15,000 is included in the cash and cash equivalent calculation? True False

7. In exercise 7-7, requirement 2, what is the amount of accounts receivable written off?

8. On exercise 7-24, what is the amount of deposits outstanding that you add to the balance per the bank statement in the reconciliation?

9. On exercise 7-24, what is the amount of checks outstanding that you deduct from the balance per the bank statement in the reconciliation?

10. On exercise 7-24, what is the amount of the corrected cash balance in the reconciliation?

 

FILE: MS WORD

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