with explanation pls

7. Mr. Golf Champ maintains the accounts receivable records, authorizes the write-off of uncollectible accounts, issues credit memoranda to customers, and handles cash receipts from customers. When customers are late in paying their accounts, Mr. Golf Champ often writes off the account as uncollectible and abstracts the cash received from the customer. This fraud should come to light if an employee other than Mr. Golf Champ. Select one: a. reconciles the bank statement to the accounting records b. reconciles credit memoranda for sales returns to the returned merchandise accepted by the receiving department c. reconciles the accounts receivable subsidiary ledger to the controlling account d. none of the above 8. Ismael Co. recorded a bad debt recovery using the allowance method of accounting for bad debts. Compare (X) the working capital before the recovery with (Y), the working capital after the recovery. Select one: a. X equals Y b. X is equal to or less than Y c. X is greater than Y d. X is less than Y 9. When individual customers' accounts have credit balances of material amounts, these amounts Select one: a. may be shown as "credit balances of customers' accounts" in the current assets section b. must be reported separately in the liability section of the balance sheet c. should be omitted from the balance sheet d. may be deducted from the debit balance in other customers' accounts in the asset