21) As part of the procedure to properly control cash payments received in the mal aher th properly opens the cash receipts, the remitance advices go to the C) bank 22) Leo's Leathar Shoppe has a checking account that eas interest. The current bank statement showsir eamed of 322 14 This amount should be B) subtracted from Lea's bank balance C) added to Leo's book balance D) ignored, as the banik has added it to Leo's book balance 23) Northwest Pumbing's bank statement shows a bank baianoe of $43. 067 The statement shows a bank service charge of $95 Northwest Plumbing's book batance shows outstanding checks of $5.2 of $9 325 The adjusted bslance on the bank side of the reconoiliation woukd be and deposts in A) $43 572 B) $47,700 C)$39.634 D) $43,667. 24) A company has $321,000 in credit sales. The company uses the allowance method to account for uncollectible accounts. The Allowance for Doubtful Accounts now has an $8,150 debin balance the company estimales 5%ofcredit sales wm bo uncolectible, what wil be the amount ot the journal entry to record estimated A) $16,050 B) $7,900 C) $24,200 D) $8,150 25) A company has $294,000 in credn sales. The company uses the allowance method to account for uncollectible accounts. The Allowance for Doubtful Accounts now has a $2.210 credit balance f the company estimates that $7,640 of accounts will be uncollectible based on an aging of Accounts Receivable, what will be the amount of the journal entry to record estimated uncollectible accounts? A) $5.430 B) $9.850 C) $2,210 D) $7,640 26) Capitol Construction Company made a basket purchase of three items. tem X was appraised at $55,000, hem Y was appraised at $65,000 and item Z was appraised at $40,000. The purchase price was $125,000. The amount at which item Z should be recorded (rounded to the nearest dollar) is: (Round any intermediary calculations to the nearest cent and your final answer to the nearest dollar.) A) $42,969 B) $40,000 C) $31,250 D) $51,200 7) A new vehicle was purchased on January 1 for $46,000. It has a salvrage value of $7,000 and a usefui neatar how much willthe deprecation expense for the vehicle be for the first year years. To the the straight-line method? A) $7,667 B) $6,500 C) $639 D) $542