45. Allowing only certain individuals to have passwords to conduct online purchases is an of which preventive control? a. Separation of duties. b. Physical controls. c. E-commerce controls. d. Employee management 46. Which one of the following is not an objective of a system of internal controls? a. Safeguard company assets. b. Overstate liabilities in order to be conservative. c. Enhance the accuracy and reliability of accounting records. d. Reduce the risks of errors. 47. Interest is usually associated with a. accounts receivable. b. notes receivable. c. doubtful accounts. d. bad debts. Young Company lends Dobson industries $30,000 on August 1,2017, accepting a 9-month, 12% interest note. If Young prepares it financial statements as of December 31, 2017, what adjusting entry must it make? 48. a. Interest Receivable 1,500 b. Accounts Receivable 1,500 c. Cash 1,500 Interest Revenue 1,500 Interest Receivable 1,500 1,500 Interest Revenue d. Notes Receivable 1,500 Interest Revenue 1,500 49. When the allowance method is used to account for uncollectible accounts, Bad Debts Expense is debited when a. a sale is made. b. an account becomes bad and is written off. c. management estimates the amount of uncollectibles. d. a customer's account becomes past due