1) Which of the following is considered to be cash (not a cash equivalent)? A) treasury bill B) money market fund C) certificate of deposit D) money order 2) What is a compensating balance? A) reclassification of a cash amount that is restricted from use in the current operating cycle B) negative cash balance that occurs when a company writes a check in an amount that exceeds the account balance C) short-term liquid investment with original maturity of three months or less D) minimum cash balance required to be maintained by a credit agreement 3) Eurobake Inc. made a $10,000 sale on account with terms: of 1/15, n/30. If the company uses the net method, which of the following will be included in the journal entry to record the sale on account? A) debit Accounts Receivable $10,000 B) debit Accounts Receivable $9,900 C) debit Sales Discount Forfeited $100 D) credit Sales Discount Forfeited $100 4) What type of account is Allowance for Uncollectible Accounts? A) current liability B) expense C) contra asset D) contra revenue )What method does GAAP permit for estimating Uncollectible Accounts? A)Allowance Method B)Direct Write-off Method