Author Question: From the standpoint of achieving the operations system control goal of security of resources, which ... (Read 95 times)

sabina · **on:** Jul 5, 2018

From the standpoint of achieving the operations system control goal of security of resources, which of the following segregation of duties possibilities is least important?
a. between systems programming and computer operations
b. between data control and data preparation personnel
c. between systems development and computer operators
d. between technical services and data center

Question 2

On July 31, the accountant for Team Shirts was reviewing items related to accounts receivable. The following information was gathered for July:

a. The beginning balance in the Allowance for uncollectible accounts was (600).
b. An account receivable owed by a customer in England for 250 U.S. dollars was determined to be uncollectible.
c. Credit sales for July were 12,000. The accountant for Team Shirts estimated that 4 of the sales would eventually be uncollectible.

What is the amount of bad debts expense for July? What will be the ending balance in the Allowance for uncollectible accounts?

zoeyesther · **Reply #1 on:** Jul 5, 2018

Answer to Question 1

B

Answer to Question 2

Bad debts expense = 480 (=12,000 x 4). The ending balance in the Allowance for uncollectible accounts = (830) (=(600) + 250 + (480)).