'rinciples of Accounting 1 Page 3 Which of the following economic events would not be recorded in the cash receipts journal? 24 Collection of accounts receivable. Cash purchases of merchandise. b. Cash sales of merchandise. Cash from sale of land, d Which of the following is not a special journal? 25. Sales journal General journal Purchases journal Cash receipts journal d. 26. The amount of income taxes withheld from emplovees is dependent on each of the following except the a. employee's gross earnings. b. employee's net pay. length of the pay period number of allowances claimed by the employee d. 27 Internal controls are not designed to safeguard assets from natural disasters a robbery unauthorized use. c. di b employee theft. Each of the following is an attribute of internal control except 28. a segregation of duties b. establishment of responsibility. c. independent internal verification. d. a sound marketing plan. From an internal control standpoint, the asset most susceptible to improper diversion and use is 29.. prepaid insurance. b. cash. buildings d. land. a. C. 30. Reconciling the bank statement monthly is an example of a. segregation of duties. b. independent internal verification. c. establishment of responsibility. d. documentation procedures. belMings5 EA 1310 1340 employer but ses the emger Sederal emermen Mate ncses of