Pendley Productions makes all sales on credit. Cash receipts arrive by mail. Larry Speiler, the mailroom clerk, opens envelopes and separates the checks from the accompanying remittance advices. Speiler forwards the checks to another employee, who makes the daily bank deposit but has no access to the accounting records. Speiler sends the remittance advices, which show cash received, to the accounting department for entry in the accounts. Speiler's only other duty is to grant sales allowances to customers (A sales allowance decreases the customer's account receivable) When Speiler receives a customer check for $375 less a $90 allowance, he records the sales allowance and forwards the document to the accounting department. Read the requirements