Control activities related to cash receipts and cash payments in a typical service or merchandising business include: Assignment of responsibility Segregation of duties Documentation Physical controls Review and reconciliation Identify the applicable control activity for each of the following: 1. Cash received after the daily bank deposit has been made is stored in the company safe until the next day's deposit. 2. Franklin is responsible for collecting cash from customers, Barry records the cash receipts from customers on account and Angela makes the daily deposit to the bank. 3. Both the Controller and the President are required to sign cheques. 4. Karen, the Senior Accountant, completes the bank reconciliation on a monthly basis. All company cheques are prenumbered. 5. >