Quiz 3 Acct - Question 1 2 out of 2 points The external...

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Question 1 2 out of 2 points The external auditor is responsible for establishing and maintaining the internal control system. Answer Selected Answer: Correct Answer: Response Feedback: Question 2 2 out of 2 points Cash larceny involves stealing cash from an organization before it is recorded on the organization’s books and records. Answer Selected Answer: Correct Answer: Response Feedback: Cas on the organization’s books and records. Question 3 0 out of 2 points To conceal the theft of a check from customers in payment of their accounts, which of the following journal
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entries should the bookkeeper make? Answer Selected Answer: Debit Cash; Credit Accounts Receivable Correct Answer: Debit Sales Returns; Credit Accounts Receivable Response Feedback: When a customer sends in a check the correct entry would be to debit cash and credit accounts receivable. books in balance. that debits Sales Returns and Credits Accounts Receivable.
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Quiz 3 Acct - Question 1 2 out of 2 points The external...

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