do it now

ms/d/e/1FAIpQLSeznHIM6ZCPSbr MbeJF7EB1GOGKRjn4nR-3hFwEJ2xn4RhstQ/formResponse 21. Liquidity measures how easily assets can be converted to another asset or be used to pay for services or obligations. True False 22. Good internal control procedures for cash receipts imply that cash receipts by mail should be opened by an accounting employee who is responsible for recording and depositing receipts. True False 23. At the end of the day, the cash register shows a balance of $635. The cash drawer has a balance of $650. The difference of $15 should be debited to miscellaneous expense. True False 24. The entry to increase the balance in petty cash from $50 to $75 would include a credit to Petty Cash of $25 o c M 2 FY F10 F11 Prisc F12