1) Checks that have been processed by the bank and are no longer negotiable are:

Select one:

A.outstanding checks.

B.deposits in transit.

C.voided checks.

D.canceled checks.

2)An imprest petty cash fund of $600 was established for minor disbursements. At the end of the month the fund included petty cash tickets for the purchase of $185 in supplies, $48 for postage, $83 for fuel and a delivery charge of $65. How much cash should left in the fund?

Select one:

A.$284

B.$219

C.$367

D.$415

When a year-end adjustment is made for estimated bad debts:

Select one:

A.liabilities increase.

B.net assets decrease.

C.net income is increased.

D.net assets increase.