1.) Given the following information:

Petty cash balance	$540	Courier receipt	$102.66
Postage receipt	$66	Office Supplies receipt	$76.38
Business meal receipt	$122.50	Cash on hand at the end of the month	$96.37

What is the amount of cash over and short?

A) Debit $76.09.

B) Credit $76.09.

C) Debit $172.46.

D) Credit $172.46.

E) No Cash over short would be recorded.

2. Given the following information:

Petty cash balance	$480	Courier receipt	$89.22
Postage receipt	$54	Office Supplies receipt	$62.94
Business meal receipt	$109.06	Cash on hand at the end of the month	$82.93

What is the amount that needs to be reimbursed?

A.) $389.72.

B.) $281.21.

C.) $397.07.

D.) $308.00.

E.) $480.00.

3. In comparing the canceled checks on the bank statement with the entries in the accounting records, it is found that check number 4239 for November's rent was correctly written and drawn for $2,310 but was erroneously entered in the accounting records as $1,320. When reconciling the November bank statement, the company should:

A.) Deduct $990 from the book balance of cash.

B.) Add $990 to the bank statement balance.

C.) Add $2,310 to the book balance of cash.

D.) Deduct $990 from the bank statement balance.

E.) Add $3,600 to the book balance of cash.

4. Given the following information:

Petty cash balance	$545	Courier receipt	$77.58
Postage receipt	$28	Office Supplies receipt	$99.00
Business meal receipt	$57.57	Cash on hand at the end of the month	$303.07

What is the amount that needs to be reimbursed?

A.) $402.07.

B.) $293.07.

C.) $282.85.

D.) $184.06.

E.) $241.93.

5. A company had net sales of $35,500 and ending accounts receivable of $2,900 for the current period. Its days' sales uncollected is equal to:

A) 7.9 days.

B) 21.9 days.

C) 29.8 days.

D) 37.7 days.

E) 43.80 days.

6. Triple Company's accountant made an entry that included the following items: debit postage expense $13.42, debit office supplies expense $28.33, debit cash over/short $3.19. If the original amount in petty cash is $340, how much was the credit to cash for the reimbursement?

A) $340.

B) $215.

C) $31.52.

D) $41.75.

E) $44.94.

7. Triple Company's accountant made an entry that included the following items: debit postage expense $12.72, debit office supplies expense $27.63, credit cash over/short $2.49. If the original amount in petty cash is $326, how much was the credit to cash for the reimbursement?

A) $326.

B) $206.

C) $37.86.

D) $205.84.

E ) $43

8. Mattel had net sales of $6,235 million and ending accounts receivable of $1,275 million. Days' sales uncollected is equal to:

A) 290 days.

B) 75 days.

C) 62 days.

D) 86 days.

E) 71 days.