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E7-3 The following control procedures are used in Kelton Company for over-the-counter cash receipts. Each...

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Accounting

E7-3 The following control procedures are used in Kelton Company for over-the-counter cash receipts. Each store manager is responsible for interviewing applicants for cashier jobs. They are hired if they seem honest and trustworthy. All over-the-counter receipts are registered by three clerks who share a cash register with a single cash drawer. To minimize the risk of robbery, cash in excess of $100 is stored in an unlocked attach

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