Exercise $6-3($Algo$)$ Internal control strengths and weaknesses LO C$1$ Determine whether each procedure described below is an internal control strength or weakness; then identify the internal control principle violated or followed for each procedure. $1.$ Several salesclerks share the same cash drawer. $2.$ Employees that handle easily transferable assets such as cash are bonded. $3.$ The owner does not use ID scanners to limit access to expensive merchandise. Instead, the owner argues they hire honest employees. $4.$ The company devotes resources towards keeping accurate accounting records for machinery. $5.$ The recordkeeper is not allowed to write checks or initiate EFTs.