Case Study Sales Reporting and Internal Control for a Pizza Restaurant Pizza restaurant operations are cash intensive and, in some casesemployees can remove currency from the register before sales are recorded. In many smaller and family-owned pizza restaurants, documentation of income and expenses may be lacking The Pizza Villa is a small restaurant selling pizza for delivery and to walk- in customers. There are no facilities for consumption on the premises. Cash and credit cards are accepted. Ninety percent of the transactions are on the cash basis. The Pizza Villa operates 7 days a week from 11 AM to 2 AM. One person owns the business. Therefore, it is impossible to monitor operations at all times. The restaurant staff consists of relatives friends and other employees. The Pizza Villa is extremely popular and profitable Sales are rung on a cash register, and readings are taken daily, Cash is depos- ited daily after it is reconciled with the sales reading No employees are paid with cash, instead, all employees are paid by check. Vendors are paid by check. A petty cash fund is maintained for incidentals. A voucher must support any paid-outs. Challenge 1. Identify the areas that make theft attractive and possible. 2 Describe how cash could be stolen. 3. Explain whether and why the owner should be concemed that friends and relatives might steal cash from him. 4. Identify some basic requirements of internal control for cash. 5. Explain several procedures the owner could use to examine the validity of sales