Whats the answers for all the them

MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 1) Which of the following is a benefit provided by intermal control? 1) A) ensuring timely collection of accounts receivables B) ensuring that a business is profitable C) promoting operational efficiency D) ensuring that collusion will never happen 2) Public companies 2) A) are audited by accounting firms that do not also provide certain consulting services to the public company B) are required by the Financial Accounting Standards Board to maintain a system of internal controls C) are overseen by the Public Company Accounting Oversight Board D) must issue an internal control report which states that the outside auditor is responsible for the adequacy of internal controls 3) Which of the following is the basic internal control procedure with respect to cash receipts? 3) A) requiring customers to pay with debit or credit cards B) requiring the accountants to make the bank deposits C) preventing collusion D) depositing all cash receipts in the bank shortly after the cash is received 4) Mercury Company established a petty cash fund with a $600 balance. Which of the following statements is incorrect? A) A journal entry is needed to debit the Cash account and credit the Petty Cash account for B) The sum of the cash plus the total of the petty cash tickets should equal $600 at all times. C) The petty cash custodian cashes a check for $600 and places the currency in the petty cash fund box. D) There is no net effect on current assets. 5) A company has a petty cash fund amount of $300. When replenished, it has petty cash tickets of $30 for gas expense, $33 for postage expense, $16 for supplies expense, and $12 for miscellaneous expenses. Assume the cash balance is not over or short. In the journal entry, Cash would be credited for A) $75 B) $79 C) $91 D) $63 6) The petty cash fund had an initial imprest balance of $220. It currently has $18 in cash, $5 in miscellaneous petty cash tickets, and an additional $191 in specific petty cash tickets. The debit to Cash Short &Over would be A) $6 B) $196 C) $18 D) $191 7) Which of the following would be included in the entry to record the replenishment of a petty cash fund? A) a debit to Accounts Receivable C) a credit to Cash B) a credit to M D) a credit to Petty Cash