1. FILL-IN THE BLANK: Joe Johnson, Inc. is a small food processing company with four people working in the sales and billing department. One of the four employees now supervises the other three. The department performs the following company tasks:
   1. Accounts receivable record keeping
   2. Approving credit of customers
   3. Authorizing customer returns
   4. Authorizing new customers
   5. Billing customers
   6. Cash receipts journal posting
   7. Entering orders received
   8. Inventory record keeping
   9. Maintaining custody of cash
   10. Maintaining custody of inventory
   11. Reconciling records to the bank statement

Required:

You have asked as a consultant to provide advice as to what tasks should be assigned to each employee. In assigning tasks, no employee should have more than three tasks and there should be a proper separation of duties to achieve appropriate internal control.

Show the tasks assigned to each employee (use the TASKS from above):

SUPERVISOR: __________________________________________________________________

EMPLOYEE 1: __________________________________________________________________

EMPLOYEE 2: __________________________________________________________________ EMPLOYEE 3: __________________________________________________________________