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Gary's Great Cars purchases high-performance auto parts from a Nebraska vendor. Dave Simon, the accountant for Gary's, verifies receipt of merchandise and then, prepares, signs,
Gary's Great Cars purchases high-performance auto parts from a Nebraska vendor. Dave Simon, the accountant for Gary's, verifies receipt of merchandise and then, prepares, signs, and mails the check to the vendor. Requirements 1. Identify the internal control weakness over cash payments. 2. What could the business do to correct the weakness? Requirement 1. Identify the internal control weakness over cash payments. The following are the weaknesses in internal control. (Only complete the necessary input fields.)
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