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BLU-abe XXA 10 11 12 13 14 15 16 2XL FINAL Accounting 1007 Spring 2020 1. Using a bank account provides the following control advantages: A. Reduces the amount of cash on-hand B. Provides an independent record of cash transactions C. Provides for reconciling the company's cash balance with the cash balance at the bank D. All of the above 2. Which of the following is NOT a credit to your bank account: A. Interest earned B. Cash deposits C. Deposits made by EFT D. Returned checks for insufficient funds 3. Customer checks returned unpaid are considered... A. EFT B. ACH C. SJU D. NSF 4. Accounts receivable are normally collected within the following number of days: A. 1-30 days B. 30-60 days C. 60-90 days D. 90-120 days 5. _are amounts that customers owe for which a formal written document is issued A. Notes Receivable B. Accounts Receivable C. Investments D. All of the above 1208 Words English (USE