Internal Controls Are Often Implemented to Guard Against Theft of Cash.To

question 91

Multiple Choice

Internal controls are often implemented to guard against theft of cash.To conceal the theft of $1,500 cash,which journal entry might an accountant perform to best conceal the theft?

• A)\(\begin{array} { l l l }
• \text { Cash } & \$ 1,500 & \\
• \text { lnventory } & & \$ 1,500 \\
• \end{array}\)
• B)\(\begin{array}{lccc}
• \text { Petty Cash } & \$ 1,500 & \\
• \text { Cash }& & \$ 1,500 & \\
• \end{array}\)
• C)\(\begin{array}{lccc}
• \text { Wage and 5alary Expense } & \$ 1,500 \\
• \text { Cash } && \$ 1,500 & \\
• \end{array}\)
• D)\(\begin{array}{lccc}
• \text { Cash } & \$ 1,500 \\
• \text { Wage and 5alary Expense } && \$ 1,500 & \\
• \end{array}\)
• E)\(\begin{array}{lccc}
• \text { Accounts Receivable } & \$ 1,500 \\
• \text { Cash } & &\$1,500
• \end{array}\)

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Definitions:

Negative Afterimages

Visual illusions that occur when looking away after staring at an image for a period, resulting in seeing a complementary color or shadow of the original.

Color Receptors

Photoreceptor cells in the retina of the eye responsible for detecting color.

Saturation

In a context, it refers to the stage where no additional information or responses are obtained from research participants; in color theory, it represents the intensity of a color.

Brightness

The perception of how light or dark a color appears; a subjective measure of the intensity of light.