Rocky Productions makes a sales on cred Cash recipes anive by mal Nathan Ronnicke the mahom dak pas envelopes and parties the checks from the accompanying remittance vices Reside forwards the checks to another employee who makes the daily bank deposit but has no access to the accounting records Rekke send the romance advices, which show can received to the accounting department for entry in the accounts Ronnie's only other duty is to grant sales towances to customers (Aales allowance decreases the customer's account recevable) When the receives a customer check for $450 a lowance, he records the sales alowance 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. 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 recipes is situation - i Requirements same does not 1. Identify the internal control weakness in this situation. 2. Who should record sales allowances? 3. What is the amount that should be shown in the ledger for cash receipts? the led Print Done eipts is $ elds and then continue to the next question a I Rocky Productions makes a sales on cred Cash recipes anive by mal Nathan Ronnicke the mahom dak pas envelopes and parties the checks from the accompanying remittance vices Reside forwards the checks to another employee who makes the daily bank deposit but has no access to the accounting records Rekke send the romance advices, which show can received to the accounting department for entry in the accounts Ronnie's only other duty is to grant sales towances to customers (Aales allowance decreases the customer's account recevable) When the receives a customer check for $450 a lowance, he records the sales alowance 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. 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 recipes is situation - i Requirements same does not 1. Identify the internal control weakness in this situation. 2. Who should record sales allowances? 3. What is the amount that should be shown in the ledger for cash receipts? the led Print Done eipts is $ elds and then continue to the next question a