Question 1.1.In most computerized information systems, which process must still be done manually by an individual? (Points : 20)

data entry posting to the ledger preparation of a trial balance preparation of an adjusted trial balance

Question 2.2.________ provide(s) useful information to management by delineating which customers are current and which customers are overdue on their accounts, and by reporting how long the account has been outstanding. (Points : 20)

Net realizable value of accounts receivable The allowance method The aged receivables report Interim financial statements

Question 3.3.Jeezy Inc. had a bank balance of $6,500 at the end of the month. They also had the following reconciling items:

Deposits in transit	$2,300
Interest revenue earned on the account	$12
Outstanding checks	$1,400
Bank service charge	$25
Bookkeeping error (check for $500 was recorded as $50)	$450
NSF checks	$150

What is the adjusted bank balance for Jeezy Inc.? (Points : 20)

$5,887 $6,800 $8,200 $7,400

Question 4.4.A computer monitor is considered part of the computer ________. (Points : 20)

server network software hardware

Question 5.5.Which of the following isNOTan advantage of using a lock-box system? (Points : 20)

A lock-box system eliminates the data entry requirement for the accounts receivable clerk. A lock-box system allows the company faster access to cash received from customers. A lock-box system deters theft by eliminating the mailroom clerks access to cash. Segregation of duties is facilitated by using a lock-box system.