Internal controls are not designed to safeguard assets from

Select one:

a. robbery.

b. natural disasters.

c. employee theft.

d. unauthorized use.

When an account becomes uncollectible and must be written off,

Select one:

a. Allowance for Doubtful Accounts should be credited.

b. Bad Debt Expense should be credited.

c. Sales Revenue should be debited.

d. Accounts Receivable should be credited.

Replenishing the petty cash fund requires

Select one:

a. a debit to Cash.

b. no accounting entry.

c. a debit to various expense accounts.

d. a credit to Petty Cash.