Really needs a tutors help on my accounting quiz. It is a 25-3- question multiple choice quiz.

Question 1 The balance in the Petty Cash ledger account will be larger after the petty cash fund is replenished than it was before. True False 2 points Question 2 It is impossible to construct a foolproof system of internal control. True False 2 points Question 3 Sales rung on the cash register equaled $980.50. Cash in the drawer totaled $975.00. What entry correctly records this day's sales? A. Cash 980.50 Sales B. Cash Sales 980.50 975.00 975.00 C. Cash 980.50 Cash Short and Over 5.50 Sales 975.00 D. Cash Cash Short and Over Sales 975.00 5.50 980.50 2 points Question 4 Deposits in transit will appear as additions to the company's balance at the bank on the next bank statement. True False 2 points Question 5 The bank reconciliation: A. has as its only purpose the disclosure of errors made by the bank in handling the depositor's account. B. need not be prepared when a daily cash position statement is prepared. C. begins with the balance per bank statement and the balance per the ledger for cash and reconciles both balances with the adjusted Cash balance in the general ledger. D. is prepared monthly by the bank for each of its depositors. 2 points Question 6 The custodian of the petty cash fund presented the following vouchers for reimbursement: No.223 Transportation-in $124.70 No.224 Postage expense 72.00 No.225 Miscellaneous expense 15.92 No.226 Transportation-in 51.00 The fund was set up for $400. The current amount of cash in the fund is $135.98. The journal entry to record the reimbursement would be: A. Transportation-in 175.70 Postage Expense 72.00 Miscellaneous Expense 15.92 Cash Short and Over .40 Cash B. Transportation-in 264.02 175.70 Postage Expense 72.00 Miscellaneous Expense 15.92 Cash Short and Over .40 Petty Cash 264.02 C. Transportation-in 175.70 Miscellaneous Expense 15.92 Postage Expense 72.00 Cash D. Miscellaneous Expense Cash 263.62 263.62 263.62 2 points Question 7 The bank statement is a report sent to a depositor by a bank showing the activity in a company's checking account for a period of time, usually a month. True False 2 points Question 8 The functions of handling cash receipts and cash disbursements should be completely separated, if possible. True False 2 points Question 9 Each disbursement from the petty cash fund should be supported by a petty cash voucher. True False 2 points Question 10 At any time, the sum of the cash in the petty cash fund and the total of the petty cash vouchers should equal the total amount for which the petty cash fund was established. True False 2 points Question 11 Control of cash is especially important to a business because: A. there is usually so little on hand. B. it represents such a large portion of the assets in a business. C. thieves desire cash because it can be used to purchase almost anything. D. the manner in which a company manages its cash makes a significant impression on the public. 2 points Question 12 Employees should be rotated in their job assignments when possible. True False 2 points Question 13 Making deposits of cash is not worth the effort. True False 2 points Question 14 Depreciation accounting could best be defined as: A. a systematic cost allocation process. B. the recognition of a cash expense. C. the process of building up a fund of cash to replace plant assets. D. All of the above answers are correct. 2 points Question 15 A machine with an estimated useful life of six years is being depreciated using the straight-line method. After recording depreciation at the end of the third year, the Accumulated Depreciation account balance is $6,000. What will be the depreciation expense for the fourth year? A. $1,000 B. $1,500 C. $2,000 D. Cannot be determined from the data provided. 2 points Question 16 Under the straight-line method of depreciation, the annual depreciation charge is a constant amount. True False 2 points Question 17 The costs of land and land improvements should be recorded in the same account. True False 2 points Question 18 In general, plant assets should be recorded initially at their cash price or cash equivalent price. True False 2 points Question 19 Companies do not have to disclose in their financial statements the method(s) of depreciation they are using. True False 2 points Question 20 Capital expenditures increase the net book value of the plant asset. True False 2 points Question 21 Cost of a plant asset includes all normal, reasonable, and necessary outlays to obtain and get the asset ready for use. True False 2 points Question 22 The cost to demolish an unwanted structure on newly acquired land should be debited to the Land account. True False 2 points Question 23 A machine with a cost of $40,000, an estimated useful life of four years, and an estimated salvage value of $8,000 is being depreciated using the straight-line method. How much depreciation will be charged for the third year? A. $ 8,000 B. $16,000 C. $10,000 D. $ 4,000 2 points Question 24 The units-of-production method of depreciation produces a constant charge per year of depreciation for a plant asset. True False 2 points Question 25 The basis of valuation or measurement of plant assets is called historical cost. True False