12. At the end of the day, the cash register's record shows $1,250, but the count of cash in the cash register is $1,245 net of any change fund. The correct entry to record the cash sales for the day is 1,245 A. Cash Sales 1,245 1,245 B. Cash Cash Over and Short Sales 5 1,250 C. Cash Sales 1,250 1,250 1,250 D. Cash Sales Cash Over and Short 1,245 E. Cash over and short Sales 13. Assume that the custodian of a $450 petty cash fund has $62.50 in coins and currency plus $382.50 in receipts at the end of the month. The entry to replenish the petty cash fund will include: A A debit to Cash for $377.50. B. Acredit to Cash Over and Short for $5.00 C. A debit to Petty Cash for $382.50. D. A credit to Cash for $387.50. E. A debit to Cash for $387.50. 14. On a bank reconciliation, an unrecorded debit memorandum for printing checks is: A Noted as a memorandum only. B. Added to the book balance of cash. C. Deducted from the book balance of cash. D. Added to the bank balance of cash. E. Deducted from the bank balance of cash. 15. Read the narrative below and on the back of the Scantron list one control that you believe should be implemented. Briefly explain why you believe the control would help prevent, or at least deter, such dishonest behavior from employees. THE LAUNDRY MONEY SKIM Albert owned and operated 40 coin laundries around town. As the business grew, he could no longer visit each one, empty the cash boxes, and deposit the receipts. Each location grossed about $140 to $160 per day, operating 365 days per year. Four part-time employees each visited 10 locations, collecting the cash boxes and delivering them to Albert's office, where he could count the coins and currency (from the change machine) and prepare a bank deposit. One of the employees skimmed $5 to $10 from each location visited each day. 12. At the end of the day, the cash register's record shows $1,250, but the count of cash in the cash register is $1,245 net of any change fund. The correct entry to record the cash sales for the day is 1,245 A. Cash Sales 1,245 1,245 B. Cash Cash Over and Short Sales 5 1,250 C. Cash Sales 1,250 1,250 1,250 D. Cash Sales Cash Over and Short 1,245 E. Cash over and short Sales 13. Assume that the custodian of a $450 petty cash fund has $62.50 in coins and currency plus $382.50 in receipts at the end of the month. The entry to replenish the petty cash fund will include: A A debit to Cash for $377.50. B. Acredit to Cash Over and Short for $5.00 C. A debit to Petty Cash for $382.50. D. A credit to Cash for $387.50. E. A debit to Cash for $387.50. 14. On a bank reconciliation, an unrecorded debit memorandum for printing checks is: A Noted as a memorandum only. B. Added to the book balance of cash. C. Deducted from the book balance of cash. D. Added to the bank balance of cash. E. Deducted from the bank balance of cash. 15. Read the narrative below and on the back of the Scantron list one control that you believe should be implemented. Briefly explain why you believe the control would help prevent, or at least deter, such dishonest behavior from employees. THE LAUNDRY MONEY SKIM Albert owned and operated 40 coin laundries around town. As the business grew, he could no longer visit each one, empty the cash boxes, and deposit the receipts. Each location grossed about $140 to $160 per day, operating 365 days per year. Four part-time employees each visited 10 locations, collecting the cash boxes and delivering them to Albert's office, where he could count the coins and currency (from the change machine) and prepare a bank deposit. One of the employees skimmed $5 to $10 from each location visited each day