79. When a petty cash fund has not been replenished at the end of the period, an adjusting entry is necessary. That entry would contain a credit(s) to: a. Cash. b. Petty Cash. c. Owner's Capital. d. the various expenses. I 80. Management's responsibility for internal control includes all of the following except: a. Ensuring the rellability of its accounting records. b. Safeguarding the firm's assets. c. Ensuring that its employees comply with all legal requirements. d. Eliminating all human error. 81. It is recommended but not required that a public company engage an independent auditor to audit its financial statements and internal controls. a. True b. False 82. Which of the following statements about the allowance method of valuing accounts receivable is false? a. The allowance method serves to value accounts receivable on the bolance sheet. b. The allowince method estimates losses from bad debth. c. The allowance method applies accrual accounting. d. The allowance method identifies which customers will not pay tbeir debts when sales are made