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What is the primary goal of internal controls for cash payments? To make payments as quickly as possible To ensure that payments are made only

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What is the primary goal of internal controls for cash payments? To make payments as quickly as possible To ensure that payments are made only for property authorized transactions To independently verify cash payments To ensure the lowest prices possible are paid Mason Company gathered the following information from its accounting records and the October bank statement to prepare the bank reconciliation: Ending cash balance per books. 10/31 exist3, 500 Deposits in transit 150 Interest received from bank 850 Bank service charge for check printing 30 Outstanding checks 2,000 NSF check of A T. Owens 175

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