Question 61 point Hook Co. signed a $12,000, 120-day, 5% interest-bearing note payable at the bank in exchange for cash. Which of the following journal entries should Hook Co. use to record the note? No answer provided Cash 2.122 In 132 Neyse 12.000 Cath 20 warene Ca 3,000 Notes Pt 12:00 . Cash 12.000 Acc Patie 12.000 Returns Question 71 point Gross pay is the same as net pay No answer provided value Return to Question 8 (1 point Sales taxes payable is credited, and cash is debited when firms send sales taxes collected from customers to the government. No answer provided True Batur tog Question 9(1 point A properly designed internal control system is a key part of systems design analysis, and performance No answer provided True Return to age 10 Question 10(1 point) The accounts receivable approach uses income statement relationships to estimate bad debts. No answer provided True