Exam 2: Review (Terms)

An adjusting entry could be made for each of the following except:

Owner Investments
Prepaid Expenses
Unearned Revenues
Accrued Expenses
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Terms in this set (15)
Which of the following accounts would be included in a post-closing trial balance?Accounts RecievableInternal Control Systems:required by Sarbanes-Oxley (SOX); requires a company document & certify if company's stock is traded on exchange.Impact of technology on internal controls:reduced processing errorsNumber of days' sales uncollected is used:to estimate time likely to pass before current amount (acct. recievable) received in cashA company had $43 missing from petty cash that was not accounted for by petty cash receipts. The correct procedure is to:Debit Cash Over and Short for $43.