34) At the end of the day, the cash register tape shows $1,000 in cash sales but the count of cash in the register is $1,010. The proper entry to account for this excess is: 34) A) Debit Cash $1,010: credit Sales $1,010. B) Debit Cash Over and Short S10; credit Cash SIO. C) Debit Cash S1.00); credit Sales S1.000. D) Debit Cash $1,000; debit Cash Over and Short for S10, credit Sales $1,010. E) Debit Cash $1,010; credit Sales S1,000 credit Cash Over and Short S10. 35) Jasper makes a $25,000, 90-day, 7% cash loan to Claybom Co. Jasper's entry to record the collection of the note and interest at maturity should be: (Use 360 days a year.) 35) A) Debit Notes Payable $25,000, Debit Interest Expense S1,750; credit Cash $26,750. B) Debit Cash for $25,000 crodit Notes Receivable $25,000 C) Debit Cash $25,437.50;credit Notes Receivable for $25.437.50. D) Debit Cash S26,750; credit Interest Revenue $1,750, credit Notes Receivable $25,000. E) Debit Cash S25,437.50; credit Interest Revenue $437.50: credit Notes Receivable 525.000 36) On a bank reconciliation, the amount of an unrecorded hank service charge should be: 36) A) Added to the bank balance of cash. B) Deducted from the bank balance of cash. C) Noted in memorandum form only. D) Added to the book balance of cash. E) Deducted from the book balance of cash. 37) Which of the following procedures would weaken control over cash receipts that arrive through the mail? 37) A) For safety, only one person should open the mail, and that person should immediately deposit the cash received in the bank. B) After the mail is opened, a list (in triplicate) of the money received is prepared with a record of the sender's name, the amount, and an explanation of why the money is sent. C) The cashier deposits the money in the bank and the recordkeeper records the amounts received in the Rccounting records. D) The employees handling the cash receipts are bonded. E) The bank reconciliation is prepared by a person who does not handle cash or record cash receipts. 38) Which of the following is the correct interpretation of a degree of operating leverage of 5738) A) Operating leverage of 5 means that the company would need to increase sales by times in order to hits break-even point B) Operating leverage of 5 means that if sales increase by 5%, there will be a 25% increase in the firm's pret profit C) Operating leverage of 5 means that if sales increase by 5% the firm will hit its break-even point D) Operating leverage of 5 measures the degree of debt employed by the firm's debt structure E) Operating leverage of 5 means that sales can decrease by 5% before the firm's current level of sales will hit the break-even point