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Question 4 4 pts The Sarbanes-Oxley Act (SOX) requires documentation and verification of internal controls. It also emphasizes effective internal controls. True False Gideon Company

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Question 4 4 pts The Sarbanes-Oxley Act (SOX) requires documentation and verification of internal controls. It also emphasizes effective internal controls. True False Gideon Company uses the allowance method of accounting for uncollectible accounts. On May 3, the Gideon Company wrote off the $2.000 urcollectible account of its customer, A. Hopkins. The entry or entries Gideon makes to record the write off of the account on May 3 A Accounts Receivable-A Hopkins 2.000 Allowance for Doubtful Accounts 2000 B) Allowance for Doubtful Accounts 2.000 Bad debts expense 2000 Accounts Receivable-A Hopkins 2,000 Bad debts expense 2000 Cash 2.000 Accounts Receivable. Hopkins 2000 D Allowance for Doubtful Accounts 2.000 Accounts Receivable-A. Hookins 2.000 E Cash 2.000 Accounts Receivable Hopkins 2.000

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