MixRecording Studios purchased $7.800 in electronic components from TechCom MixRecording Studios signed a 60 day. 10% promissory note for $7,800. TechCom's journal entry to record the transaction should be The cash to be received at maturity on a $10,000, 8%, 90-day note receivable is Multiple Choice 13 $6,187 26 O $10,197.26 O $197.26 When is it acceptable to use the direct write off method to account for uncollectible accounts? Multiple Choice O O When the expected bad debts are not significant O When the company sells its accounts receivables It is never acceptable to use the direct write-off method under GAAP Two clerks sharing the same cash register is a violation of which internal control principle? Multiple Choice O Bond key employees Maintain adequate records Insure assets