A customer hands you $3,850 in cash and would like to purchase 14 prepaid cards of $275 each. The customer hands you the cash with an expired ID, and is expecting you to process the transaction. You must decline the transaction for the following reasons (Select all that apply):

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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A customer hands you $3,850 in cash and would like to purchase 14 prepaid
cards of $275 each. The customer hands you the cash with an expired ID, and is
expecting you to process the transaction.
You must decline the transaction for the following reasons (Select all that apply):
We do not sell prepaid cards.
A customer may not purchase more than $2,000 in prepaid cards within a 24-hour
period.
The POS will prompt for customer ID for all prepaid card purchases.
Customer ID must be a valid (not expired) government issued photo ID (US or Canadian
issued driver's license, state ID, passport; US military ID, US Territory ID)
The customer appears to be purchasing prepaid cards just below the threshold where
an ID would be needed.
The customer is attempting to purchase more than the allowable number of gift cards in
a single transaction.
Transcribed Image Text:A customer hands you $3,850 in cash and would like to purchase 14 prepaid cards of $275 each. The customer hands you the cash with an expired ID, and is expecting you to process the transaction. You must decline the transaction for the following reasons (Select all that apply): We do not sell prepaid cards. A customer may not purchase more than $2,000 in prepaid cards within a 24-hour period. The POS will prompt for customer ID for all prepaid card purchases. Customer ID must be a valid (not expired) government issued photo ID (US or Canadian issued driver's license, state ID, passport; US military ID, US Territory ID) The customer appears to be purchasing prepaid cards just below the threshold where an ID would be needed. The customer is attempting to purchase more than the allowable number of gift cards in a single transaction.
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