On September 30 tundis replenished. The con balance of October the accountandemnes that d cepts on that date represent should be eased by 550 The e code y O Debit Cash $250, credit Poly Cash $250 Debit Macellaneous O Debit Petty Cash $250. credash $250 OOO O Debiyat Casa Debin Cash $250. Cree 16. A company had net sales of $21,500 and ending accounts receivable of $2,700 for the current period. Its days' sales uncollected equals O 74 days 45.2 days 0 58.9 days O 80 days 45.8 days The the lower of cost or market rule for inventory valuation ndividual unit separately rather than to major categories of inventory or to the entire inventory O True O False 23. The following information is available for Montrose Company at December 31 Cash in bank account Petty cash Money market fund balance Checks from customers NSF checks from customers returned by bank Treasury bill maturing in 60 days Money orders A nine-month certificate of deposit maturing on March 31 of next year $8,540 $250 $10,400 $1,350 5805 $10,000 $290 $6,000 Based on this information, the amounts considered Cash and Cash Equivalents, respectively on December 31 are O Cash $11,235, Cash equivalents $26,400 O Cash $8,540 Cash equivalents $22,290 O Cash $8,790, Cash equivalents $26.400 O Cash $19,190, Cash equivalents $16,000 O Cash $10.430. Cash equivalents $20,400