The following are internal controls related to various cycles. (a) Identify what the manager wants to achieve with each internal control. (b) Identify the transaction-related management assertion to which it applies.

1. Receiving reports are prenumbered and accounted for on a daily basis.

2. Payments by check are received in the mail by the receptionist, who lists the checks and restrictively endorses them.

3. Unmatched shipping documents are accounted for on a daily basis.

4. The accounts receivable master file is reconciled to the general ledger on a monthly basis.