11. Pasadena Windows makes a credit sple of $1,200 on September 1,2022 , terms 2/10,n30. They accept a return of $500 on September 5n. Make the journal entry to record the parment recerved on September 8n 12. In periods of rising prices, LiFO will produc set income than FIFO. [higner, 10wer, the samel 13. Inventory records for Marvin Company show the following: Marvin sold \$1,500 units in March. Calculate his COGS and ending irventory for March and complete the following amounts: FIFO: COGS LIFO: COGS Average Cost COGS Ending Inventory. 5 Ending Inventory $ Ending Inventory \$ 14. What key piece of legislation was passed in response to corporate accounting scandals by Enron, Worldcom, and others? 15. Segregation of duties refers to: a. making each manager personally responsible for their department b. keeping functions across different departments separate c. preventing top management and lower-level employees from interacting d. individuals who have physical responsibility for assets should not have access to accounting records. 16. Which of the following would not represent good controls over cash receipts? B. record all cash receipts as soon as possible b. the employee that receives cash/checks should also deposit them in the bank c. open mail each day and make a list of checks received with the amount d. verify cash receipis by comparing the bank deposit slip with accounting records