Listed below are five procedures followed by Paul Collins Company.

1. Each individual who operates the cash register uses his or her own register drawer and register code.

2. A monthly bank reconciliation is prepared by the bookkeeper.

3. Ellen May writes cheques and Jethro Bodine records cash payment journal entries.

4. Jed Clampett orders inventory and authorizes payments for inventory.

5. Unnumbered sales invoices from credit sales are forwarded to the accounting department every 4 weeks for recording.

Required:

Indicate whether each procedure is an example of good internal control or of weak internal control. If it is an example of good internal control, indicate which internal control principle is being followed. If it is an example of weak internal control, indicate which internal control principle is violated. Use the table below.

Procedure IC Good or Weak? Related Internal Control Principle

1.

2.

3.

4.

5.