Cells Fiber Select Eding Analyse Data Tasks Analysis Mytducator MyEducator Tasks (34) Why is cash a...

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Cells Fiber Select Eding Analyse Data Tasks Analysis Mytducator MyEducator Tasks (34) Why is cash a tempting target for theft? Because it has a debit balance in the general ledger. O Because it is reported in the balance sheet rather than in the income statement O Because it is the easiest asset to spend if stolen. O Because it is not closed to retained earnings at the end of the year. (35) Which type of account is the allowance for bad debts? Liability O Contra revenue O Contra asset O Expense 36) Gross sales for the year were $100,000. During the year, sales discounts of $2,000 were recorded. In addition, sales returns and allowances for $7,000 were recorded. The total amount of cash collected from customers during the year Media mode casy Beats Audio ph D 100% 52F Sunny Ade 538 PM 1/21/2022 Cells Fiber Select Eding Analyse Data Tasks Analysis Mytducator MyEducator Tasks (34) Why is cash a tempting target for theft? Because it has a debit balance in the general ledger. O Because it is reported in the balance sheet rather than in the income statement O Because it is the easiest asset to spend if stolen. O Because it is not closed to retained earnings at the end of the year. (35) Which type of account is the allowance for bad debts? Liability O Contra revenue O Contra asset O Expense 36) Gross sales for the year were $100,000. During the year, sales discounts of $2,000 were recorded. In addition, sales returns and allowances for $7,000 were recorded. The total amount of cash collected from customers during the year Media mode casy Beats Audio ph D 100% 52F Sunny Ade 538 PM 1/21/2022