B 16 Aperty cash fand was established with a 5525 balunce. It curreetly has cash of ses and per cash tickets as shown below Travel esponse Office supplies Equipment rental care 5105 250 10 Which of the following would be included in the journal entry to replenish the Petty Cash fund? a. debit to Cash Short & Over for SIS credit to Cash Short & Over for 515 c. debit to Petty Cash for SIS d. credit to Petty Cash for $15 TRUE or FALSE: (2 points each) Tue_19. Interest is generally stated as a monthly rate unless told otherwise. 20. When a company makes an accounting change in estimate, (for example the number of years in an assets useful life), Generally Accepted Accounting Principles require that the company go back and correct prior years financial statements _21. Amortization is the term used to spread the cost of an intangible asset over its useful life. Tive 22. A key to strong control over petty cash is to ensure that only one person has access to the petty cash and can disburse funds from it as needed. The_23. When replenishing the petty cash fund, the company debits the Petty Cash account and credits the Cash account 24. We had a lengthy discussion in class about internal control and discussed that there are three (3) primary functions that need to be separated in a good system of internal control. Identify the functions and briefly explain the reasoning behind the need for separation. (6 points)