Whole Fruits Market took the following actions to improve internal controls. For each of the following actions. Identify the Internal control principle the company followed a. The recordkeeper is not permitted to pay the company's suppliers b. External auditors are regularly hired to evaluate internal controls a To ensure equipment that does not go undetected detailed accounting records are kept d. Each cashier is designated a specific cash drawer and is solely responsible for cash drawer e. The company divides responsibility for a transaction between multiple departments Digital time clooks are used to register which employees are a verk avattimes EcoMart establishes a $1.550 petty cash fund on May 2 On May 30, the fund shows $600 in cash along with receipts for the following expenditures: transportation-in. $140. postage expenses. $479, and miscellaneous expenses, $340, The petty cashier could not account for a $9 overage in the fund. The company uses the perpetual system in accounting for merchandise inventory. Prepare the (1) May 2 entry to establish the fund. (2) May 30 entry to reimburse the fund [Hint Credit Cash Over and Short for $9 and credit Cash for $950), and (3) June 1 entry to increase the fund to $1,800. Vlowtransaction Bat Journal entry worksheet 1 2 2 Record the May 2 entry to establish the fund. Date May 02 General Journal Debit Credit