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hi can you please answer these two questions ASAP! thanks!! Whole Fruits Market took the following actions to improve internal controls. For each of the

hi can you please answer these two questions ASAP! thanks!! image text in transcribed
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Whole Fruits Market took the following actions to improve internal controls. For each of the following actions, select the internal control principle the company followed a. Detailed records of inventory are kept to ensure items lost or stolen do not go unnoticed b. Employees requesting purchases of inventory cannot approve payment for that inventory. c. Personal ID cards are used to limit access to only authorized employees. d. The recordkeeper is not permitted to pay the company's suppliers. e. The company's internal auditors frequently assess the performance of internal controls. . Each cashier is designated a specific cash drawer and is solely responsible for cash in that drawer. Maintain adequate records Divide responsibility for related transactions Apply technological controls Separate recordkeeping from custody of assets Perform regular and independent reviews Establish responsibilities At the end of the current year, using the aging of receivable method, management estimated that $30,750 of the accounts receivable balance would be uncollectible. Prior to any year-end adjustments, the Allowance for Doubtful Accounts had a credit balance of $525. What adjusting entry should the company make at the end of the current year to record its estimated bad debts expense? Skipped Multiple Choice 30, 750 Bad Debts Expense Allowance for Doubtful Accounts O 30, 750 Bad Debts Expense Allowance for Doubtful Accounts O 30,225 Bad Debte Expense Allowance for Doubtful Account 30,225 O O Accounts Receivable recounts Receivable 30,750 0 Bad Debts Expense Allowance for Doubtful Accounts 30,750 1 30,750 0 31,275 Skipped Bad Debts Expense Allowance for Doubtful Accounts 31,275 0 30,225 Bad Debts Expense Allowance for Doubtful Accounts 30,225 0 Accounts Receivable Bad Debts Expense Sales 30, 750 525 O 31,275 Accounts Receivable Allowance for Doubtful Accounts 31,275

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