The following list of partial account balances is provided:

	Sales returns and allowances	$385
	Accounts receivable	12946
	Sales discounts	963
	Sales revenue	64679
	Allowance for doubtful accounts	321
What will be the net sales shown on the income statement?

Select one:

a. $64294.00

b. $63331.00

c. $63716.00

d. 63010.00

Rosas Roses has a wonderful selection of beautiful and colorful flowers. On July 2nd she receives an order from Nicole for 100 flowers. She prepares the order and ships them on July 9th, because Nicole and Rosa are such close friends, Rosa covers the shipping costs. The flowers arrive on July 11th. Which of the following statements is true:

Select one:

a. Regardless of when the flowers are delivered, Rosa will record revenue once Nicole pays her.

b. On July 9th Rosa should recognize revenue since there has been a transfer of the risks and rewards of ownership to the customer.

c. On July 9th Rosa should not yet recognize revenue since there has not been a transfer of the risks and rewards of ownership to the customer.

d. The journal entry to record revenue on July 2nd includes a credit to revenue.

The accounting records of an entity showed an unadjusted cash balance of $12552 at December 31, 20x3. In January 20x4, the bank statement was received and included the following:

	Bank service charges		288
	Interest on bank loan		1829
In addition, the entity determined that $2345 of outstanding cheques had not yet cleared the bank. What is the correct cash balance at December 31, 20x3?

Select one:

a. 10435

b. 8090

c. 10207

d. 12552