accounting-In most computerized information systems

QUESTION

Question 1.1.In most computerized information systems, which process must still be done manually by an individual? (Points : 20) data entry posting to the ledger preparation of a trial balance preparation of an adjusted trial balanceQuestion 2.2.________ provide(s) useful information to management by delineating which customers are current and which customers are overdue on their accounts, and by reporting how long the account has been outstanding. (Points : 20) Net realizable value of accounts receivable The allowance method The aged receivables report Interim financial statementsQuestion 3.3.Jeezy Inc. had a bank balance of $6,500 at the end of the month. They also had the following reconciling items:Deposits in transit$2,300Interest revenue earned on the account$12Outstanding checks$1,400Bank service charge$25Bookkeeping error (check for $500 was recorded as $50)$450NSF checks$150What is the adjusted bank balance for Jeezy Inc.? (Points : 20) $5,887 $6,800 $8,200 $7,400Question 4.4.A computer monitor is considered part of the computer ________. (Points : 20) server network software hardwareQuestion 5.5.Which of the following is NOT an advantage of using a lock-box system? (Points : 20) A lock-box system eliminates the data entry requirement for the accounts receivable clerk. A lock-box system allows the company faster access to cash received from customers. A lock-box system deters theft by eliminating the mailroom clerk’s access to cash. Segregation of duties is facilitated by using a lock-box system.

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