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12. Which of the following journal entries is recorded correctly and in the standard format? Salaries and Wages Expense 500 a 2.500 Cash Advertising Expense 2.000 Salaries and Wages Expense Advertising Expense Cash 500 2.000 b 2.500 Cash Salaries and Wages Expense Advertising Expense 2.500 C. 500 2.000 Salaries and Wages Expense. Advertising Expense Cash. d. 500 2,000 2,500 e. none of above 13. Physical controls to safeguard assets do not include a. cashier department supervisors. b. vaults employee identification badges. d. security guards. all included. C e. 14. Under accrual-basis accounting a. cash must be received before revenue is recognized. b. net income is calculated by matching cash outflows against cash inflows. events that change a company's financial statements are recognized in the period th occur rather than in the period in which cash is paid or received. d. the ledger accounts must be adjusted to reflect a cash basis of accounting be financial statements are prepared under generally accepted accounting principles C. none of above e 15. Toole Company had the following transactions during 2020: Sales of $4,200 on account Collected $2,500 for services to be performed in 2021 Paid $1,580 cash in salaries Purchased airline tickets for $350 in December for a trip to take place in 2021

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