all

13. ira petty cash fund is established in the amount of S300, and contains SISO in cash and SIIS in receipts for disbursements when it is replenished, the journal entry to record replenishment should include credits to the following accounts A) Petty Cash, 590. B) Petty Cash, S120. C) Cash, SI1S; Cash Over and Short, ss. D) Cash, S120. 14. On July 22, Peter sold S23,500 of inventory items on credit with the terms 2/15, net 30. Payment on $15,000 sales was received on August I and the remaining payment was received on August 12. Assuming Peter uses the gross method of accounting for sales discounts, which one of the following entries was made on August I to record the cash received? Cash Sales Discount 14,700 300 A) 15,000 Accounts Receivable 15,000 Accounts Receivable B) Cash 15,000 14,700 C) Cash 14,700 Accounts Receivable Accounts Receivable 300 Sales Discount Forfeited D) 300 15. For the year ended December 31, 2017, Dent Co. estimated its allowance for uncollectible accounts using the year-end aging of accounts receivable. The following data are available: S126,000 90,000 104,000 156,000 Allowance for uncollectible accounts, 1/1/17 Provision for uncollectible accounts during 2017 Uncollectible accounts written off, 11/30/17 Estimated uncollectible accounts per aging, 12/31/17 After year-end adjustment, the bad debt expense for 2017 should be A) $104,000. B) $90,000. C) $156,000. D) $134,000