Petty cash is a fund containing a small amount of cash that is used to pay for minor expendhures. 17. True False 18. On October 1, 2019, ABC Company loaned A Jenkins $5,000 at an annual interest rate of 10% with a maturity date of April 1, 2020. On October 1, 2019, ABC Company will record O A. a credit to Notes Payable - A Jenkins of $5,000 O B. a debit to Notes Receivable - A. Jenkins of $6,000 Oc. no entry since the note is due on April 1, 2020 D. a debit to Notes Receivable - A. Jenkins of $5.500 19. A business maintains subsidiary accounts for each of its customers. On May 15, the business provides services on account: $1,700 to customer J. Anthony: $4.800 to customer A. Martin; and $1,000 to customer S. Lee. Which joumal entry is needed to record these transactions? 7,500 O A. May 15 Service Revenue 7,500 Accounts Receivable 7,500 May 15 Accounts Receivable Service Revenue O B. 7,500 7,500 May 15 Accounts Receivable Control Sales Revenue Oc. 7,500 May 15 Accounts Receivable - J. Anthony Accounts Receivable- A. Martin 1,700 4,800 Accounts Receivable - S. Lee Accounts Receivable - Control 1,000 7,500 1,700 May 15 Accounts Receivable - J. Anthony Accounts Receivable - A. Martin Accounts Receivable - S. Lee OD. 4,800 1,000 7,500 Service Revenue 20. A receivable is a liability because it represents a right to receive cash in the future. True False 21. When a company uses the allowance method to measure bad debts, O A. the amount of bad debts expense is estimated at the end of the accounting period B. the amount of bad debts expense is not estimated at the end of the accounting period C. the normal balance in the Allowance for Bad Debts account is a debit. D. the Bad Debts Expense account is debited when an account is written off intlonoountinog desike