True or False

1. Cash in the chart of accounts is an example of a control account.

2. It is normal to have a debit balance in the allowance for doubtful accounts account after adjusting journal entries at the end of the year.

3. The practice of selling a note receivable before maturity is called dishonouring the note.

4. An unearned revenue arises when a company receives cash from its customers in advance of earning the revenue.

5. The Cash Short and Over account is debited when sales revenue exceeds cash receipts.