Remaining Time: 2 hours, 53 minutes, 18 seconds. Question Completion Status: QUESTION 20 3.2 pe Petty cash reimbursement requires a journal entry that involves a debit to the appropriate expenses and a credit to Cash. True False QUESTION 21 3.2 pol Outstanding checks, deposits in transit, and bank determine the adjusted bank balance. True service charges are added to the beginning balance of the bank statement to False QUESTION 22 3.2 poin The flexibility principle of accounting information systems prescribes that the O System is able to adapt to changes in the company, business environment, and needs of decision makers. Benefits from an activity in the system outweigh the costs of the activity. O System report useful, understandable, timely, and pertinent information for effective decision making. System aid managers in controlling and monitoring business activities. O System conforms to a company's activities, personnel, and structure. QUESTION 23 3.2 points cash register's record shows $2,050, but the count of cash in the cash is $2,058. The correct entry At the end of the day record the cash sales is ODebit Cash $2,050; credit Sales $2,050. Debit Cash $2,050; debit Cash Over and Short $8; credit Sales $2,058. Save All Answers