Current Attempt in Progress The cash register tape for Teal Mountain Industries reported sales of $8.245.80. Record the journal entry that would be necessary for each of the following situations. (a) Sales per cash register tape exceeds cash on hand by $60.91. (b) Cash on hand exceeds cash reported by cash register tape by $33.98. (Round answers to 2 decimal places, e.g. 52.75. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Transactions Account Titles and Explanation Debit Credit (a) (b) e Textbook and Media List of Accounts Listed below are five procedures followed by Eikenberry Company. Indicate whether each procedure is an example of good internal control or of weak internal control. If it is an example of good internal control, indicate which internal control principle is being followed. If it is an example of weak internal control, indicate which internal control principle is violated. Use the table below. Procedure IC Good or Weak? Related Internal Control Principle 1. 2. 3. Several individuals operate the cash register using the same register drawer A monthly bank reconciliation is prepared by someone who has no other cash responsibilities. Joe Cockrell writes checks and also records cash payment entries. One individual orders inventory, while a different individual authorizes payments. Unnumbered sales invoices from credit sales are forwarded to the accounting department every four weeks for recording. 4. 5. e Textbook and Media