The debit memos from the previous month are extended to the cash disbursements column of a proof of cash as a deduction Statement 2: A Co, receives a sale order on March 29, 20x1 and ships the ordered goods on March 30, 20x1. The customer receives the goods on April 2, 20x1. If the sale term is FOB destination, the sale price of the goods shipped will be reported as receivable and sale in A Co.'s March 31, 20x1 financial statements, Statement 1 is TRUE; Statement 2 is TRUE O Statement 1 is TRUE; Statement 2 is FALSE Statement 1 is FALSE; Statement 2 is TRUE Statement 1 is FALSE; Statement 2 is FALSE 1 point Statement 1: The beginning balance of accounts receivable is P20, the total credit sales during the period is P10 while the collections of accounts during the period is P5. The ending balance of accounts receivable is P15, Statement 2. An entity is preparing a proof of cash for November 30 and December 31. If the unadjusted bank statement balance on November 30 is P30, the unadjusted deposits and withdrawals during December are P5 and P3, respectively, the unadjusted bank statement balance on December 31 must be P28. Statement 1 is TRUE; Statement 2 is TRUE Statement 1 is TRUE; Statement 2 is FALSE Statement 1 is FALSE; Statement 2 is TRUE Statement 1 is FALSE; Statement 2 is FALSE