Question 16 (1 point) Saved Listen A retailer has 4% credit/debit card service fees deducted from the proceeds from each sale. The retailer has $1.200 in sales for the day. The journal entry to record these sales would be 1) debit Cash for $1,200 and credit Sales for $1.200. O2) debit Sales for $1.200 and credit Cash for $1.200. debit Cash for $1.152. debit Credit Card Expense for $48, and credit Sales for $1.200. 4) debit Cash for $1.152 and credit Sales for S1,152. Os) debit Accounts Receivable for $1,200 and credit Sales for $1.200. 3) Question 17 (1 point) 4) Listen Principles of internal control Include 1) Divide responsibilities for related transactions. 2) Perform regular and independent reviews, 3) Record purchases using the gross method. Divide responsibilities for related transactions and perform regular and independent reviews 5) All of these answers are correct. Question 18 (1 point) Listen Managers place a high priority on internal control systems because the systems assist managers in the 1) Prevention of avoidable losses. 2) Monitoring of company performance, 3) Monitoring of employee performance. 4) Planning of operations 51 All of these answers are correct