to the accounting department for recording. ohe check. Tne paid Invoice is then sent Blank checks are stored in a safe in the treasurer's office. The combination to the safe is known only by the treasurer and assistant treasurer. Each month, the bank statement is reconciled with the bank balance per books by the assistant chief accountant. All employees who handle or account for cash are bonded. Instructions Identify the internal control principles and their application to cash disb Office Supply Company. ursements of Bolz Forney Company maintains a petty cash fund for small expenditures. The follow- ing transactions occurred over a 2-month period July1 Established petty cash fund by writing a check on Scranton Bank for $200. the fund consisted of $4.00 in cash and the following petty cash receipts: freight-out $92.00, postage expense $42.40, entertainment expense $46.60, and miscellaneous expense $11.20. 15 Replenished the petty cash fund by writing a check for $196.00. On this date