Exercise $8-2($Algo$)$ Identifying Internal control principles LO C$1$

Whole Fruits Market took the following actions to improve internal controls. For each of the following actions, identify the internal

control principle the company followed.

$1.$ Apply technological controls

$2.$ Divide responsibility for related transactions

$3.$ Insure assets and bond key employees

$4.$ Maintain adequate records

$5.$ Perform regular and independent reviews

$6.$ Separate record keeping from custody of assets