Bolz Office Supply Company recently changed its system of internal control over cash disbursements. The system includes the following features. Instead of being unnumbered and manually prepared all checks must now be prenumbered and prepared by using the new accounts payable software purchased by the company. Before a check can be issued, each invoice must have the approval of Kathy Moon, the purchasing agent, and Robin Self, the receiving department supervisor. Checks must be signed by either Jennifer Edwards, the treasurer, or Rich Woodruft the assistant treasurer. Before signing a check, the signer is expected to compare the amount of the check with the amount on the invoice After signing a check the signer stamps the invoice PAID and inserts within the same the date check number, and amount of the check. The "paid" Invoice is then sent to the accounting department for recording Blank checks are stored in a safe in the treasurer's office. The combination to the safe is known only by the treasurer and assistant > treasurer. Each months, the bank statement is reconciled with the bank balance per books by the assistant chief accountant. All employees who handle or account for cash are bonded identify the internal control principles and their application to cash disbursements or Blote Office Supply Company Principles Application to Cash Disbursements Only the treasurer and assistant treasurer are authorized to sign check invoices must be approved by both the purchagent and the receiving department supervisor. Payment can only be made by the conterrassistant treatures, and the checkliners do not record the cash dhur transactions Checks are prenumbered. Following the samped Blank checklisten the trend only the treasure and assistant treasure to the viewed by a machindelblink Bolz Office Supply Company recently changed its system of internal control over cash disbursements. The system includes the following features. Instead of being unnumbered and manually prepared all checks must now be prenumbered and prepared by using the new accounts payable software purchased by the company. Before a check can be issued, each invoice must have the approval of Kathy Moon, the purchasing agent, and Robin Self, the receiving department supervisor. Checks must be signed by either Jennifer Edwards, the treasurer, or Rich Woodruft the assistant treasurer. Before signing a check, the signer is expected to compare the amount of the check with the amount on the invoice After signing a check the signer stamps the invoice PAID and inserts within the same the date check number, and amount of the check. The "paid" Invoice is then sent to the accounting department for recording Blank checks are stored in a safe in the treasurer's office. The combination to the safe is known only by the treasurer and assistant > treasurer. Each months, the bank statement is reconciled with the bank balance per books by the assistant chief accountant. All employees who handle or account for cash are bonded identify the internal control principles and their application to cash disbursements or Blote Office Supply Company Principles Application to Cash Disbursements Only the treasurer and assistant treasurer are authorized to sign check invoices must be approved by both the purchagent and the receiving department supervisor. Payment can only be made by the conterrassistant treatures, and the checkliners do not record the cash dhur transactions Checks are prenumbered. Following the samped Blank checklisten the trend only the treasure and assistant treasure to the viewed by a machindelblink