The bookkeeper/cashier at Sheridan Enterprises recorded the following journal entry: Allowance for Doubtful Accounts Accounts Receivable - Richard James Which one of the following statements is false? 1100 1100 O There should be written authorization for this transaction from someone who does not have responsibilities related to recording cash. O There could be a violation of internal control policies. James' account was written off because it was determined to be uncollectible. O This entry is only prepared on the last day of the accounting period