1. Use of subsidiary ledgers makes related general ledger control accounts unnecessary, 2. A significant advantage of special journals is the labor savings resulting from adding the effects of like entries before posting them to related accounts. 3. If the Arden Company uses special jourmals, it should record the purchase of operating equipment for cash in the invoice register (purchases journal). 4. A 90 -day note dated March 23 has a maturity date of June 21. 5 Good internal control requires that the same person should NOT have both the responsibility for a given function and the authority to perform that function. 6 Requiring employees to take vacations is an example of an internal control feature. 7 A petty cash fund should be large enough so that it does not need to be replenished more than once a year. 8 The journal entry to reimburse a petty cash fund does not involve cither a debit or a credit to the Petty Cash account