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Question 39 Not yet answered Marked out of 1.00 P Flag question A petty cash fund should be replenished Select one: a. as soon as an expense is paid from the fund. O b. every day O c. once a year. d. The answer does not exist O e. at the end of every accounting period. Question 28 Not yet answered Marked out of 1.00 P Flag question Becky Company has total sales of $4,550. If the sales include taxes of 4%, the amount to be credited to Sales Revenue is: Select one: a. $4,000. b. No correct answer given c. $4,289.25. d. The answer does not exist e. $4,300. Question 25 Not yet answered Marked out of 1.00 P Flag question In the month of May, Kayak Company Inc. wrote checks in the amount of $81,000. In June, checks in the amount of $112,000 were written. In May, $77,000 of these checks were presented to the bank for payment, and $96,000 in June. What is the amount of outstanding checks at the end of May? Select one: O a. $14,006 b. The answer does not exist c. $12,000 d. $36,00 e. $4,000 The existing balance in Allowance for Doubtful Accounts is considered in computing bad debt expense in the Select one: a. percentage of sales basis. b. percentage of receivables basis. c. The answer does not exist DO d. direct write-off method. e. percentage of receivables and percentage of sales basis. Farr Company purchased a new van for floral deliveries on January 1, 2017. The van cost $56,000 with an estimated life of 5 years and $14,000 salvage value at the end of its useful life. The double-declining-balance method of depreciation will be used. What is the depreciation expense for 2017? Select one: a. $2240 b. $11,200 c. $8,400 d. $16,800 e. The answer does not exist Question 39 Not yet answered Marked out of 1.00 P Flag question A petty cash fund should be replenished Select one: a. as soon as an expense is paid from the fund. O b. every day O c. once a year. d. The answer does not exist O e. at the end of every accounting period. Question 28 Not yet answered Marked out of 1.00 P Flag question Becky Company has total sales of $4,550. If the sales include taxes of 4%, the amount to be credited to Sales Revenue is: Select one: a. $4,000. b. No correct answer given c. $4,289.25. d. The answer does not exist e. $4,300. Question 25 Not yet answered Marked out of 1.00 P Flag question In the month of May, Kayak Company Inc. wrote checks in the amount of $81,000. In June, checks in the amount of $112,000 were written. In May, $77,000 of these checks were presented to the bank for payment, and $96,000 in June. What is the amount of outstanding checks at the end of May? Select one: O a. $14,006 b. The answer does not exist c. $12,000 d. $36,00 e. $4,000 The existing balance in Allowance for Doubtful Accounts is considered in computing bad debt expense in the Select one: a. percentage of sales basis. b. percentage of receivables basis. c. The answer does not exist DO d. direct write-off method. e. percentage of receivables and percentage of sales basis. Farr Company purchased a new van for floral deliveries on January 1, 2017. The van cost $56,000 with an estimated life of 5 years and $14,000 salvage value at the end of its useful life. The double-declining-balance method of depreciation will be used. What is the depreciation expense for 2017? Select one: a. $2240 b. $11,200 c. $8,400 d. $16,800 e. The answer does not exist

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