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(TCO 7) Cash may not include>foreign currency.
money orders.
restricted cash.
undeposited customer checks.
Question 2. Question :
(TCO 7) On November 10 of the current year, Flores Mills sold carpet to a customer for $8,000 with credit term 2/10, n/30. Flores uses the gross method of accounting for cash discounts. What is the correct entry for Flores on November 17, assuming the correct payment was received on that date?
Option a
Option b
Option c
Option d
Question 3. Question :
(TCO 7) Which of the following does not change the balance in accounts receivable?