TEST NUMBER: # ACG 2021-Exam 3 Chapters 5-7 NAME Prof. Manry PUT NAME&TEST NUMBER ON SCANTRON Instructions: Please put all personal belongings, including cell phones away (i.e., desk should You must use a #2 pencil on the scantron and may use a basic calculator. Select only one answer for each question. Once finished, hand in both your scantron and this exam. 1. Outstanding checks refer to checks that have been: A) Written, recorded, sent to payees, and received and paid by the bank B) Written and not yet recorded in the company books. C) Held as blank checks. Written, recorded on the company books, sent to the payee, but not y Issued by the bank. D) E) aintaining adequate records is an important internal control principle.