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Incorrect Question 1 0 / 2.5 pts Genovia Corp. had the following on December 31, 2020: Cash on hand (physical bills in a safe): $9,000 Checking account balance: $4,500 One-year certificate of deposit (CD): $7,500 Checks received but not yet deposited: $2,500 Checks sent by customers that are still in the mail: $6,000 Stock investments: $4,000 How much cash will Genovia report on its December 31, 2020, balance sheet? (just enter the number, without any commas or a dollar sign) 27,500 Incorrect Question 3 0 / 2.5 pts During 2020, Florin Corp. collected $5,000 from a customer who had purchased a product on account during the prior year. How will this $5,000 collection affect Florin's 2020 financial statements? increase cash, increase accounts receivable increase cash, decrease accounts receivable increase cash, increase accounts payable increase cash, decrease accounts payable increase cash, increase sales revenue increase cash, decrease sales revenue Incorrect Question 4 0 / 2.5 pts Which of the following amounts does company include with its assets on a balance sheet? Gross accounts receivable-the amount contractually owed by customers Net accounts receivable-gross accounts receivable less estimated sales returns Net accounts receivable-gross accounts receivable less estimated nonpayments Net accounts receivable-gross accounts receivable less estimated returns and nonpayments

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