0. 1. Khaleds company needs to replenish a $500 petty cash fund. Its petty cash box has $70 cash and petty cash receipts of $420. The journal entry to replenish the fund includes:
1. A debit to Cash for $70.
2. A credit to Cash for $70.
3. A debit to Cash Over and Short for $10
4. A credit to Cash Over and Short for $10.
5. A credit to Petty Cash for $420

2. Fahads company had net sales of $50,000 and accounts receivable of $5,500. Its days sales uncollected is:
   1. 3.2 days.
   2. 38.4 days.
   3. 40.15 days.
   4. 29.2 days.
   5. 12.5 days.

3. Total interest to be earned on a $7,500, 9%, 120-day note is:
   1. $93.75
   2. $375.00
   3. $570.25
   4. $750.00

4. Ahmads receives a $14,000, 12%, 60-day note. The maturity value of the note is:
   1. $280
   2. $14,000
   3. $14,280
   4. $13,780

5. Sauds company has net sales of $650,000 and average accounts receivable of $25,000. What is its account receivable turnover?
   1. 20.18
   2. 30.41
   3. 26.00
   4. 12.00
6. When reimbursing the petty cash fund: A. Cash is debited B. Petty Cash is credited C. Petty Cash is debited D. Appropriate expense accounts are debited E. No expenses are recorded