7. Which of the following reconciling items does not require a journal entry? a. NSF check b. Deposit in transit c. Bank service charge d. Bank collection of note receivable 8. A cash budget helps control cash by a. helping to determine whether additional cash is available for investments or new financing is needed. b. ensuring accurate cash records. c. developing a plan for increasing sales. d. all of the above. 9. Accounts Receivable has a debit balance of $2,400, and the Allowance for Uncollectible Accounts has a credit balance of $400. A $90 account receivable is written off. What is the amount of net receivables (net realizable value) after the write-off? a. $1,910 c. $2,090 b. $2,000 d. $2,310 10. Aurora Company received a four-month, 6% per annum, $2,800 note receivable on Decem- ber 1. The adjusting entry on December 31 will a. debit Interest Receivable $14. c. both a and b. b. credit Interest Revenue S14. d. credit Interest Revenue $168. 11. If the adjusting entry to accrue interest on a note receivable is omitted, then a. assets, net income, and shareholders' equity are overstated. b.assets, net income, and shareholders' equity are understated. c. assets are overstated, net income is understated, and shareholders' equity is understated. d. liabilities are understated, net income is overstated, and shareholders' equity is overstated. 12. Net sales total 5803,000. Beginning and ending accounts receivable are $80,000 and $74,000, respectively. Calculate receivables collection period. a. 10 days c. 34 days b. 35 days d. 36 days MacBook Air