Internal Control Procedures You are opening a summer business, a chain of three drive-through snow-cone stands. You have hired other college students to work and have purchased a cash register with locked-in tapes. You retain one key, and the other is available to the lead person on each shift.

Required 1. Write a list of the procedures for all employees to follow when ringing up sales and giving change.

2. Write a list of the procedures for the lead person to follow in closing out at the end of the day. Be specifi c so that employees will have few if any questions.

3. What is your main concern in the design of internal control for the snow-cone stands? How did you address that concern? Be specifi c.

AppendixLO1