1. If an Accounts Receivable account isnot eventually converted into cash, what happens to the amount of money in theaccount after a pre-determined period of time?

2. If a client writes the company a badcheck to pay for services/products, and you charge them an administrative feeto make sure the amount eventually gets paid. What type of account iscredited?

3. What is the equivalent ofdepreciation for a natural resource?.

4. A piece of equipment is purchased for$10,000, has a salvage value of $2,000, and an estimated useful life of 4years. Using the straight-line depreciation method, how much isdepreciated per year for the next 4 years?

5. A piece of equipment is purchased for$10,000, has a salvage value of $2,000, and an estimated useful life of 4years. Using the double-declining balance method, how much is depreciatedper year for the next 2 years?

6. What amount is income capped at topay FICA Social Security Tax on

What are the three reports within the AccountingWorksheet