There are 2 parts to this question

E5-3 (Static) Identifying Internal Control Principles in Cash Receipt Processes [LO 5-3] Locker Rentals Corporation (LRC) operates locker rental services at several locations throughout the city including the airport, bus depot, shopping malls, and athletics facilities. Unlike some of the old mechanical lockers that charge a fixed amount per use, LRC's lockers operate electronically and are able to charge based on hours of use. The locker system transmits a daily message to LRC's office indicating the number of hours that lockers have been used, which the office manager uses to determine when cash should be picked up at each location. LRC's cash receipts system is described below. Required: 1. For each statement (a)-(g). identify the internal control principle being applied. 2. After several months, LRC's supervisor is arrested for stealing nearly $10,000 from the company identify the internal control weakness that allowed this theft to occur. Complete this question by entering your answers in the tabs below. E5-3 (Static) Identifying Internal Control Principles in Cash Receipt Processes [LO 5-3] Locker Rentals Corporation (LRC) operates locker rental services at several locations throughout the city including the airport, bus depot, shopping malis, and athletics facilities. Unlike some of the old mechanical lockers that charge a fixed amount per use, LRC's lockers operate electronically and are able to charge based on hours of use. The locker system transmits a daily message to LRC's office indicating the number of hours that lockers have been used, which the office manager uses to determine when cash should b. picked up at each location. LRC's cash receipts system is described below. Required: 1. For each statement (o)-(g), identify the internal control principle being applied. 2. After several months, LRC's supervisor is arrested for stealing nearly $10,000 from the company. Identify the internal control weakness that allowed this theft to occur. Complete this question by entering your answers in the tabs below. After several months, LRC's supervisor is arrested for stealing nearly $10,000 from the company. Identify the internal control weakness that allowed this theft to occur