QUESTION 9 Allowance for Doubtful Accounts: a contra asset account True False 5 points QUESTION 10 Bonded employee: An employee who handles cash transactions, and is insured by the employer against any losses that may be done by that employee (such as theft). True False QUESTION 11 Petty cash journal entry used to start the fund: Debit: Cash Credit: Petty Cash True False 5 points Sverwer QUESTION 12 In a bank reconciliation: the adjusted bank balance and the adjusted book balance should not be the exact same dollar amounts True False Petty Cash Fund: Cash held in the office to use for small everyday purchases True False 5 points Save Answer QUESTION 14 Two journal entries used for 1) Sale to a customer using a credit card and 2) Payment in cash by a customer on the Accounts Receiva account: 1) Debit: Accounts Receivable Credit: Sales 2) Debit: Cash Credit: Accounts Receivable True False