All of the following are limitations of internal control policies and procedures except for: Multiple Choice Establishing responsibilities. Human error. Cost-benefit constraint. O Human fraud. Collusion Which of the following procedures would weaken control over cash receipts that arrive through the mail? Multiple Choice After the mail is opened, a list (in triplicate) of the money received is prepared with a record of the sender's name, the amount, and an explanation of why the money is sent For safety, only one person should open the mail, and that person should immediately deposit the cash received in the bank The cashier deposits the money in the bank and the recordkeeper records the amounts received in the accounting records. The bank reconciliation is prepared by a person who does not handle cash or record cash receipts. The employees handling the cash receipts are bonded A company has a $240 petty cash fund. At the end of the first month, petty cash receipts are as follows: 547 for delivery expenses. $143 for inventory, and $16 for miscellaneous expenses. The cash on bond is $4 The Journal entry to reimbursement the account includes a: Multiple Choice Debit to Petty Cash for $240 Credit to inventory for $143 Credito Cash for $206. o Crecto Cath Over and Short for $34 Debito Carve Sort to $34 Saved A petty cash fund was established with a balance of $510. At the end of the month, it has $82.50 cash on hand plus $418.50 in receipts. The journal entry to replenish the petty cash fund will include Multiple Choice A debit to Petty Cash for $418.50 A debit to Cash Over and Short for $9.00. A debit to Cash for $410. A credit to Cash for $418.50 A credit to Cash Over and Short for $428