QUESTION 1 The sale of receivables by a company a can be a quick way to generate cash for operating needs. b. is an indication that the business is owned by a factor e indicates that the business is in financial difficulty dels generally the major revenue hem on its incomo sumom. QUESTION 2 An example of poor internal control a. The custodian of an asset should not maintain or have access to the accounting records, b. The accountant should not have physical custody of the asset nor access to it One person should be responsible for handing related transactions a. A salesperson makes the sale, and a different person ships the goods QUESTIONS On November 12, 2021, Kardashian Company has cash sales of $11,000 from merchandise having a cost of $3.000. The entries to record the tasch Caa $3,600 credit to inventory ba $6,000 credit to Cash ca $6.000 dobit to Accounts Receivable d. a $3,600 credit to Cost of Goods Sold Click on Suntos and submit Chow