ACC 291T Week 3 Apply: Connect® Exercise//tutorfortune.com
ACC 291T Week 3 Apply: Connectu00ae Exercise//tutorfortune.com Click on below link to buy https://tutorfortune.com/products/acc-291t-week-3-apply-connect-exercise ACC 291T Week 3 Apply: Connectu00ae Exercise Review the Knowledge Check in preparation for this assignment. Complete the Week 3 Exercise in Connectu00ae. Note: You have only one attempt available to complete this assignment. Grades must be transferred manually to eCampus by your instructor. Donu2019t worry, this might happen after your due date Which of the following statements is not correct? Multiple Choice In accounting, the term u201ccashu201d includes checks, money orders, and funds on deposit in a bank as well as currency and coins. In a well managed business, most bills are paid by cash. The cash register proof is used to enter the cash sales and sales tax in the journal. The petty cash account balance is usually listed separately from the Cash account on the Balance Sheet. Most businesses use the petty cash fund to pay for Multiple Choice internal expenses. accounts payable. small expenditures. merchandise purchases. Which of the following statements is correct? Multiple Choice An endorsement is a written authorization that transfers ownership of a check. If a check is negotiable, it means that ownership cannot be transferred. A check is a written order signed by an authorized person, the drawee. Most businesses make one monthly deposit of cash receipts in order to maintain better control over their cash. The entry to replenish a petty cash fund typically includes Multiple Choice a debit to Cash and a credit to Petty Cash. debits to various asset and expense accounts and a credit to Cash. debits to various expense accounts and a credit to Petty Cash Fund. a debit to Petty Cash Fund and a credit to Cash. ABC Office Suppliers keeps a $200 change fund in its cash register. The cash sales per the cash register tape on May 30 were $700. The cash count was $908. Identify the correct journal entry below to record the sales and cash overage (or shortage) for May 30. no journal entry is required for the reconciling item. ACC 291T Week 3 Apply: Connectu00ae Exercise Click on below link to buy https://tutorfortune.com/products/acc-291t-week-3-apply-connect-exercise
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