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Internal Control of Cash and Receivables: Study Notes and Practice Questions

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Five Components of Internal Controls

Petty Cash

Bank Reconciliation

Journal Entries for Bank Reconciliation

Types of Receivables

Net Accounts Receivable: Allowance for Doubtful Accounts

Adjusting Entries: Accrued Revenues

Adjusting Entries: Accrued Expenses

Adjusting Entries: Unearned Revenue

Adjusting Entries: Supplies