Company policy for internal control should include all of the following except: A. Monthly bank statements should be sent to and reconciled by the same employees who authorize payments and write checks. B. Employees will be rotated twice a year. C. At time of payment, all supporting invoices or documents will be stamped "paid." D. The owner (or responsible employee) signs all checks after receiving authorization to pay from the departments concerned. The Petty Cash account is debited when: A. the account is closed. B. the account is being replenished. C. the account balance is being increased. D. the account balance is being decreased. The entry establishing a $370 petty cash fund would include a: A. debit to Petty Cash for $370. B. credit to Petty Cash for $370. C. debit to Cash for $370. D. debit to Miscellaneous Expense for $370. If a check marked NSF is returned from the bank, an adjusting entry crediting Cash is needed. True False