21. Sam's Grocery Store has the following policy. 'Only one cashicr can have access to a cash drawer. Which intemal control A) Documentation procedures. B) Segregation of duties C) Physical controls. D) Establishment of responsibilities. principle supports this policy 22. The net amount expected to be received in cash from receivables is termed the A) B) C) D) cash realizable value. cash-good value. gross cash value cash-equivalent value Kinsler Company uses the percentage-of-receivables method for recording bad debt expense. The Accounts Receivable balance is $200,000 and credit sales are $1,000,000 Management estimates that 6% of accounts receivable will be uncollectible, what adjusting entry will Kinsler Company make if the Allowance for Doubtful Accounts has a credit balance of $2,000 before adjustment? A) Bad Debts Expense 23. 14,000 14,000 Allowance for Doubtful Accounts 12,000 Bad Debts Expense Bad Debts Expense Bad Debts Expense B) 12,000 Allowance for Doubtful Accounts C) 10,000 Allowance for Doubtful Accounts 10,000 D) 8,000 8,000 Accounts Receivable 24. The interest on a $10,000, 6%, 60-day note receivable is A) $680 B) $100 C) $200 D) S300