6 points Which of the following are considered cash for financial reporting purposes? (Select all that apply) 00000 Money orders, certified checks, and personal checks Postdated checks and .O.Us Coin, currency, and available funds on deposit Certificates of deposit (CDs) 6 points On June 22, ABC Corp. sold $60,000 of inventory items on credit with terms of 3/10, net 30. Payment on $30,000 sales was received on July 1 and the remaining payment was received on July 12. Assuming ABC Corp. uses the gross method of accounting for sales discounts, which one of the following entries was made on July 1 to record the cash received? Cash Sales Discount 00 29,100 .900 Accounts Receivable. 30,000 Cash 29,100 Accounts Receivable. Accounts Receivable. Sales Discount Forfeited. 29,100 9:00 900 Cash 30,000 Accounts Receivable. 30,000 6 points The Adjusted Trial Balance for Microsoft Corporation included the following: Sales Sales Returns and Allowances Accounts Receivable Allowance for Doubtful Accounts Debit Credit $1,500,000 $25,000 180,000 4,400 If the estimate of uncollectible accounts is made by taking 5% of gross accounts receivables, the amount of the adjustment to the Allowance for Doubtful Accounts is: credit of $4,600 debit of $4,600 debit of $5,850 credit of $5,850 *