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Q-2 All of the following are controls for cash received over the counter
except
A.the cash drawer should open only when the sales clerk enters an
amount on the keys.
B.the sales clerk must have access to the cash register tape.
C.a printed receipt must be given to the customer.
D.the customer should be able to see the amounts entered into the cash
register.
Q-3 Patrick Company had the following information in 2014.
Accounts receivable
12/31/14. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $9,000
Allowance for uncollectible account 12/31/14 (before
adjustment). . . . . . . 800
Credit sales during
2014. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 38,000
Cash sales during
2014. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16,000