please answer all 3 requirements - the first 2 using choices from the drop down list - thanks!

Red Towne Productions makes all sales on credit Cash raceipts arrive by mail. Larry Chipello, the mailroom clerk, opens envelopes and separates the checks from the accompanying remittance advices. Chipello forwards the checks to another employee, who makes the daily bank deposit but has no access to the accounting records, Chipello sends the remittance advices, which show cash received, to the accounting department for entry in the accounts. Chipello's only other duty is to grant sales allowances to customers. (A saies allowance decreases the customer's account receivable.) When Chipello receives a customer check for $250 less a $75 allowance, he records the sales allowance and forwards the document to the accounting department Read the requirements. Requirement 1. Identify the internal control weakness in this situation. Chipello should have unlimited access to the accounting records. The job of receiving customers payments is performed by the same person who is responsible for accounting for sales allowances The same person should prepare the deposit and record the entry in the accounts The same person should receive the checks, prepare the deposit and record the entry in the accounts. The amount that should be shown In the ledger for cash recelpts is $ Red Towne Productions makes all sales on credit. Cash receipts arrive by mail. Larry Chipello, the mailroom clerk, opens envelopes and separates the checks from the accompanying remitance advices. Chipello forwards the checks to another employee, who makes the dally bank deposlt but has no access to the accounting records. Chipello sends the reitance advices, which show cash recelved, to the accounting department for entry in the accounts. Chipello's only other duty is to grant sales allowances to customers. (A salas allowance decreases the customar's account receivable.) When Chipello receives a customer check for $250 less a S75 allowance, he records the sales allowance and forwards the document to the accounting department. Read the requirements. Requirement 1. Identify the internal control weakness in this situation. Requirement 2. Who should record sales allowances? The sales allowances should be recorded by Requirement 3. What is the amount that shou a person who does not have access to the cash receipts Larry Chipello because he be shown in the ledg grants the sales allowance the cashier who makes the daily deposit Red Towne Productions makes all sales on credit. Cash receipts arrive by mail. Larry Chipello, the mailroom clerk, opens envelopes and separates the checks from the accompanying remittance advices. Chipello forwards the checks to another employee, wno makes the daily bank depcsit but has no access to the accounting records. Chipello sends the remittance advices, which show cash received, to the accounting department for entry in the accounts. Chipello's only other duty is to grant sales allowances to customers. (A sales allowance decreases the customer's account receivable.) When Chipello receives a customer check for $250 less a S75 allowance, he records the sales allowance and forwards the document to the Read the requirements. Requirement 1. Identify the internal control weakness in this situation. Requirement 2. Who should record sales allowances? The sales allowances should be recorded by Requirement 3. What is the amount that should be shown in the ledger for cash receipts? The amount that should be shown in the ledger for cash recelpts is S Red Towne Productions makes all sales on credit Cash raceipts arrive by mail. Larry Chipello, the mailroom clerk, opens envelopes and separates the checks from the accompanying remittance advices. Chipello forwards the checks to another employee, who makes the daily bank deposit but has no access to the accounting records, Chipello sends the remittance advices, which show cash received, to the accounting department for entry in the accounts. Chipello's only other duty is to grant sales allowances to customers. (A saies allowance decreases the customer's account receivable.) When Chipello receives a customer check for $250 less a $75 allowance, he records the sales allowance and forwards the document to the accounting department Read the requirements. Requirement 1. Identify the internal control weakness in this situation. Chipello should have unlimited access to the accounting records. The job of receiving customers payments is performed by the same person who is responsible for accounting for sales allowances The same person should prepare the deposit and record the entry in the accounts The same person should receive the checks, prepare the deposit and record the entry in the accounts. The amount that should be shown In the ledger for cash recelpts is $ Red Towne Productions makes all sales on credit. Cash receipts arrive by mail. Larry Chipello, the mailroom clerk, opens envelopes and separates the checks from the accompanying remitance advices. Chipello forwards the checks to another employee, who makes the dally bank deposlt but has no access to the accounting records. Chipello sends the reitance advices, which show cash recelved, to the accounting department for entry in the accounts. Chipello's only other duty is to grant sales allowances to customers. (A salas allowance decreases the customar's account receivable.) When Chipello receives a customer check for $250 less a S75 allowance, he records the sales allowance and forwards the document to the accounting department. Read the requirements. Requirement 1. Identify the internal control weakness in this situation. Requirement 2. Who should record sales allowances? The sales allowances should be recorded by Requirement 3. What is the amount that shou a person who does not have access to the cash receipts Larry Chipello because he be shown in the ledg grants the sales allowance the cashier who makes the daily deposit Red Towne Productions makes all sales on credit. Cash receipts arrive by mail. Larry Chipello, the mailroom clerk, opens envelopes and separates the checks from the accompanying remittance advices. Chipello forwards the checks to another employee, wno makes the daily bank depcsit but has no access to the accounting records. Chipello sends the remittance advices, which show cash received, to the accounting department for entry in the accounts. Chipello's only other duty is to grant sales allowances to customers. (A sales allowance decreases the customer's account receivable.) When Chipello receives a customer check for $250 less a S75 allowance, he records the sales allowance and forwards the document to the Read the requirements. Requirement 1. Identify the internal control weakness in this situation. Requirement 2. Who should record sales allowances? The sales allowances should be recorded by Requirement 3. What is the amount that should be shown in the ledger for cash receipts? The amount that should be shown in the ledger for cash recelpts is S