S5-4. (Learning Objective 2: Applying internal controls over cash receipts) Candice Cassidy sells memberships to the Phoenix

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S5-4. (Learning Objective 2: Applying internal controls over cash receipts) Candice Cassidy sells memberships to the Phoenix Symphony Association in Vienna, Austria. The Symphony’s procedure requires Cassidy to write a patron receipt for all memberships sold. The receipt forms are prenumbered. Cassidy is having personal financial problems and she stole $600 received from a customer. To hide her theft, Cassidy destroyed the company copy of the receipt that she gave the patron. What will alert manager Stephanie Stevens that something is wrong?

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Financial Accounting International Financial Reporting Standards Global Edition

ISBN: 9781292211145

11th Edition

Authors: Charles T. Horngren, C. William Thomas, Wendy M. Tietz, Themin Suwardy, Walter T. Harrison

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