Oshman's Sporting Goods distributes merchandise to sporting goods stores. All sales are on credit, so virtually all cash receipts arrive in the mail. Pelina Johnson, the company president, has just returned from a trade association meeting with new ideas for the business. Among other things, Johnson plans to institute stronger internal controls over cash receipts from customers.

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Outline a set of procedures to ensure that all cash receipts are deposited in the bank and that the total amounts of each day's cash receipts are posted as credits to customer accounts receivable.