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8. A company received a bank statement with a balance of $6,000. Reconciling items included a bookkeeper error of $300 a $300 check recorded as $800 -two outstanding checks totaling $840, a service charge of $21, a deposit in transit of $250, and interest revenue of $19. What is the adjusted bank balance? A) $4,950 B) $5,110 C) $4,608 D) $5,410 11. Accounting information systems: A) Collect and process data from transactions and events. B) Organize data in useful forms. C) Communicate information to business decision makers D) Are crucial to effective decision making. E) All of the above. 12. Internal control procedures include: A) Procedures to ensure reliable financial reports. B) Safeguards to protect company assets. C) Policies to direct operations toward common goals D) Methods to achieve compliance with laws and regulation F) All of the above. 20. Wh en a company uses special journals, the general journal is used for selected transactions and events including: A) Recording adjusting transactions. B) Posting transactions to special journals. 31. The following information is from the records of Armadillo Camera Shop: $80,000 (debit 163,000 Accounts receivable, December 31, 2017 Net credit sales for 2017 Accounts written off as uncollectible during 2017 Cash sales during 2017 18,000 42,000 The company uses the direct write-off method for bad debts. What is the amoun of ba debts expense? A) $80,000 B) $42,000 C) $65,000 D) $18,000

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