The company has $8,000 in its checking account, $16,000 in its savings account. $800 in petty cash $20,000 in one year Treasury bills, and 512.000 in a money market fund. What amount should be reported as cash and cash equivalents on the balance sheet Multiple Choice Oo oo to sch DELL K c v BNM | ||?| Sved When a petty cash fund is in use: Multiple Choice 0 expenses paid with petty cash are recorded when the fund is replenished 0 Peny Cashis debited when funds are replenished 0 Petty Cash is credited when funds are replenished 0 expenses are not recorded to search DELL Companies make a month-end adjustment for expected returns by decreasing Sales Revenue and decreasing Cost of Goods Sold True or False I True False ere to search DOLL * c v BN MILL? neip Saved Generally, a physical count of inventory is performed annually in both a perpetual inventory system and a periodic inventory system True or False True True False het to search DELL When a periodic inventory system is in use, the Inventory account is updated only at the end of the period True or False True True False False here to search DOLL