Internal Control Activities E 5. Ted Songe, who operates a small grocery store, has established the following policies with regard to the checkout cashiers: F 6 1. Each cashier has his or her own cash drawer, to which no one else has access. 2. Each cashier may accept checks for purchases under $50 with proper identification. Checks over $50 must be approved by Songe before they are accepted. 3. Every sale must be rung up on the cash register and a receipt given to the customer. Each sale is recorded on a tape inside the cash register. 4. At the end of each day, Songe counts the cash in the drawer and compares it with the amount on the tape inside the cash register. Match the following conditions for internal control to each of the policies listed above: a. Transactions are executed in accordance with management's general or specific authorization. b. Transactions are recorded as necessary to permit preparation of financial statements and maintain accountability for assets. c. Access to assets is permitted only as allowed by management. d. At reasonable intervals, the records of assets are compared with the existing assets. Prenare a bank reconciliation from the following information