D Question 5 2 pts A debit to Sales Returns and Allowances is evidence of a O return of goods originally purchased on account O sale paid for with cash. O purchase of goods on account Question 6 2 pts Given the following information, compute the amount of cash finally paid by the customer Oct. 22-Sale on credit, terms of 2/10, n/30- $6,000 Oct. 27 $600 Allowance granted due to some items being damaged Oct. 31-Payment in full received from customer O $5,628 $6,000 o $5,280 $5,292 DQuestion 7 2 pts The ending inventory of Larkin Company, which uses a periodic inventory system, was understated $7,000 on December 31, 2015 Because of this error, 2015 net income was understated by $2,000 O understated by $7,000 C overstated by $5,000 D overstated by $7.000 DQuestion 8 2 pts The use of a cash register for cash receipts is an example of the internal control principle of Q physical controls documentation D segregation of duties independent internal verification D Question 9 2 pts On January 5, EGN Company purchased 11 all-terrain vehicles at a cost of $3,600 each. On February 12, they sold 8 vehicles for $4,600 per unit. If EGN uses a perpetual inventory system, the journal entry to record the sale on February 12th would include all of the following except A credit to Inventory for $28,800 A debit to the Cost of Goods Sold for $28,800 A credit to Sales Revenue for $36,800 A credit to Purchases for $28,800 DQuestion 10 2 pts Lack of agreement between the cash balance per bank and the cash balance per books is due to D poor internal control O time lags, errors, collections and fees. D errors and bank notices of service charges. D errors only