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The following control procedares are uned in Elumb/s Boutieue Shoppe for cashdesbursements. (a) For each procedure, explain the exeakness in internal control and identity the

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The following control procedares are uned in Elumb/s Boutieue Shoppe for cashdesbursements. (a) For each procedure, explain the exeakness in internal control and identity the intemal control arinciple that is violated. (b) For each weakness, suegest a change in the procedire that will result in pood internal control 1. Cempary checks are stored int an uemarked ernvespe en a shelf behind the canh reshter. (a) Weaknest Principle Rectornmended (b) Change: 2. The stere manager persenaly apgroves all payments before she siens and isues checks. (a) Weakness: Ch 7 nigenemorin 7 of 12 3. The store purchanes used poods for resale from people that bringitems to the rtoce. Since that can occur amrime that the store is open, all employees are authorieed to perchase poodt for resale by divcuraing cash from the regiter. The purcthape is decumented by haplig the store emplopte write on piect of paper a descriotion of the item that eas purchased and the amount that was paid. The employee then signa the paper and puts it in the re eister. 4. After payment, bills are "filed" in a paid invoice folder. (a) Weakness: Ch 7: Homework /1 (b) Recommended Change: 5. The company accountant prepares the bank reconciliation and reports any discrepancies to the owner. (a) Weakness: Principle

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