Which one of the following is not an objective of a system of internal controls? Safeguard company assets. Enhance the accuracy and reliability of accounting records. Fairness of the financial statements. Reduce the risks of errors. In the month of May, Swifty Corporation wrote checks in the amount of $ 49200. In June, checks in the amount of $ 67341 were written. In May, $ 45050 of these checks were presented to the bank for payment and $ 57898 in June. What is the amount of outstanding checks at the end of June? $9443 $4150 $ 13593 $ 18886. Concord Corporation had checks outstanding totaling $25900 on its June bank reconciliation. In July, Concord Corporation issued checks totaling $186700. The July bank statement shows that $126200 in checks cleared the bank in July. A check from one of Concord Corporation's customers in the amount of $1400 was also returned marked "NSE" The amount of outstanding checks on Concord Corporation's July bank reconciliation should be $60500. $86400 $85000 $34600 A $143 petty cash fund has cash of $18 and receipts of $113. The journal entry to replenish the account would include a debit to Cash for $113. credit to Petty Cash for $113 credit to Cash Over and Short for $12. credit to Cash for $125