Question 1 Briefly discuss somewhere you have worked (or somewhere you are very familiar with) in terms of controls that were/are in place for cash. Describe these controls. Assess these controls - are these controls effective? Question 2 The following is a listing of all of the transactions in Sunlyte Corporation's Cash ledger for the month of September Sunlyte Corp. Cash Ledger Description Debit Credit Balance Sept 1 Open Balance 925.20 Sept 1 Chq # 0006 221.60 703.60 Sept 1 Chq #0007 221.60 482.00 Sept 1 Chq # 0008 221.60 260.40 Sept 1 Chq # 0009 221.60 38.80 Sept 14 Deposit 427.40 466.20 Sept 30 Deposit 50.60 516.80 Sunlyte downloaded the following information from its bank on the morning of Oct 1 Bank Statement Account 100-1040 Account Name: Sunlyte Corp. Date Description Debit Credit Balance Sept 1 Open Balance 925.20 221.00 704.20 221.60 482.60 Sept 1 Chq #0008 Sept 9 Chq #0009 Sept 15 Deposit Sept 15 Chq #0007 Sept 16 Returned Item 427.40 910.00 221.60 688.40 400.80 287.60 Sept 30 Interest 3.00 290.60 Sept 30 Service Charge 15.00 275.60 Reconcile cash at Sept 30. Show any journal entries that need to be posted as a result of this reconciliation