\begin{tabular}{l|l|} \hline Classification & \\ \cline { 2 - 2 } & \\ \cline { 2 - 2 } & \\ \hline Timing & \\ \hline & \\ \cline { 2 - 2 } & \\ \hline & \\ \hline & \\ \hline \end{tabular} Sales transactions are recorded daily. Sales transactions are used to update perpetuals and monthly physical inventory is taken. Supervisor approves all credit transactions. Supervisor approves all invoices. Supervisor rechecks all calculations. The aged trial balance is compared to the general ledger. Requirement a. For each sales transaction assertion, identify one or more existing controls. (Leave unused cells blank.) Assertion Audit Objective Control Occurrence Completeness Accuracy Accuracy (Posting and summarization) Accountant reconciles all computer totals to sales staff and supervisor's summary totals. Accounts receivable clerk has no access to cash. Cash register is at the front of the stores. Computer is used to update records. Monthly statements are sent to customers. None Owner sets all prices. Salesclerks handle no cash. Salesclerks summarize daily sales which are compared daily to total sales