QUESTION 2

1. To record estimated uncollectible accounts using the allowance method, the adjusting entry would be a

   		debit to Bad Debt Expense and a credit to Allowance for Doubtful Accounts.
   		debit to Accounts Receivable and a credit to Allowance for Doubtful Accounts.
   		debit to Allowance for Doubtful Accounts and a credit to Accounts Receivable.
   		debit to Loss on Credit Sales Revenue and a credit to Accounts Receivable.

2. QUESTION 11

3. In which journal would a customer's partial payment on account be recorded?

   General journal

   Sales journal

   Cash receipts journal

   Cash payments journal

   QUESTION 16

   In developing an accounting system, cost effectiveness does not imply that

   		the value of an accounting report should be at least equal to the cost of producing it.
   		the benefits obtained from the system outweigh the costs.
   		the system should be cost effective.
   		an electronic system must be cheaper than the system it is replacing.

4. QUESTION 19

5. A student should recognize a need to study manual accounting systems because

   		the software and hardware of electronic systems vary greatly, but the steps in the accounting process remain consistent regardless.
   		all small companies only use manual accounting systems.
   		the structure of electronic systems differs greatly from manual systems.
   		companies that use manual systems hire more accountants.