Reference no: EM132462438

Question 1. Accounts Receivable has a debit balance of $5,000, and the Allowance for Uncollectible Accounts has a credit balance of $280. A specific account of $160 is written off. What is the amount of net receivables after the write-off?

Select one:

a. $4,720

b. $4,400

c. $4,560

d. $5,000

e. $5,280

Question 2. A bank buys Accounts Receivable of a company. The Accounts Receivable have been

Select one:

a. Factored

b. Pledged

c. Assigned

d. Securitized

Question 3. In reconciling the Unadjusted Balance per Bank to the Correct Balance of Cash, which reconciling item would be subtracted?

Select one:

a. Bank Collection from Customer

b. Deposit in Transit

c. NSF check

d. Service Charge

e. Outstanding checks