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QUESTION 31 What type of activity would not be part of the expenditure cycle? a. Using flour, eggs, sugar and other ingredients to make chocolate chip cookies b. Ordering flour, eggs, sugar and other ingredients to make chocolate chip cookies OC Generating paychecks to employees for time spent baking chocolate chip cookies Od Disbursing cash to pay for tour, eggs. sugar and other ingredients used to make chocolate chip cookies QUESTION 32 Mnemonic codes are appropriate for items in either an ascending or descending sequence, such as the numbering of checks or source documents True False QUESTION 33 Which account is feast likely to have a subsidiary ledger Osales Inventory o accounts receivable d. fixed assets QUESTION 34 This journal would be used to record payments made to vendors a Cash receipt b. Cash disbursement 2. Purchase d. General