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Current Attempt in Progress Internal controls over cheques include all of the following except: O use prenumbered cheques. O keep a supply of cheques in
Current Attempt in Progress Internal controls over cheques include all of the following except: O use prenumbered cheques. O keep a supply of cheques in an easily accessible location for all personnel. different individuals approve invoices and sign cheques. O only designated personnel are authorized to sign cheques. Current Attempt in Progress Marigold Company purchased supplies costing $3200 and debited Supplies for the full amount. At the end of the accounting period, a physical count of supplies revealed $1900 still on hand. The appropriate adjusting journal entry to be made at the end of the period would be Odebit Supplies Expense, $1300; credit Supplies, $1300. O debit Supplies, $1300; credit Supplies Expense, $1300. O debit Supplies, $1900; credit Supplies Expense, $1900. O debit Supplies Expense, $1900; credit Supplies, $1900. Current Attempt in Progress The Steel Company employs 15 employees and pays each employee $130 per day. Assuming March 31 falls on a Wednesday and all employees are paid each Friday for a five day work week beginning Mondays, how much Salaries Expense should be accrued for the March 31 year end? O $0 O $520 O $1950 O $5850 Current Attempt in Progress Which of the following is not a goal of the design of internal controls? O compliance with laws O effective operations O reliable financial reporting O improved employee morale
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