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begin{tabular}{|l|} Term 1) Useful Life 2) Dishonor a Note 3) Internal Auditor 4) Deposit in Transit

\\begin{tabular}{|l|} \\ Term \\\\ \\ 1) Useful Life \\\\ \\ 2) Dishonor a Note \\\\ \\ 3) Internal Auditor \\\\ \\ 4) Deposit in Transit \\\\ \\ 5) Petty Cash \\\\ \\ (n) Interest Rate \\\\ \\ 7) External Auditor \\\\ \\ 8) Maturity Date \\\\ \\ 9) Electronic Funds Transfer \\\\ \\ 10) Principle \\\\ \\ \\end{tabular} Definition a) Failure of a note's maker to pay a notes receivable at maturity b) The amount loaned by the payee and borrowed by the maker of the note c) The percentage rate of interest specified by the note d) An outside accountant, completely independent of the business, who evaluates the controls to ensure the financial statements are presented fairly, in accordance with GAAP e) Length of service period expected from an asset. f) A fund containing a small amount of cash that is used for minor expenditures g) A system that transfers cash by electronic communication rather than paper documents h) The date a note is due i) A deposit recorded by the company, but not yet b

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