4 Review - Chapters 8,9 & 11 A The following information is taken from Reagan Company's December 31 balance sheet S ipped 58,819 72, 62, Cash and cash equivalents Accounts receivable Merchandise inventories Prepaid expenses Accounts payable Notes payable Other current liabilities $15 88,638 9,900 If net sales for the current year were $609,500, the firm's days' sales uncollected for the year is: (Use 365 days a yea Multiple Choice O 72.4057 Review - Chapters 8,9 & 110 A company wants to decrease its $200.00 petty cash fund to $125.00. The entry to reduce the fund is Multiple Choice O Debit Petty Cash $58.00, credit Cash $58.00. 0 Debit Miscellaneous Expenses $17.00, credit Cash $1700 0 e De Petty Cash for $125.00 dot Cash Over and Short $183.00, credit Cash $200.00 0 O Debit Cash Oier and Short for $8.00. credit Petty Cash 58.00 Debit to Cash $75.00, creot Petry Cash $75.00