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EX 7-9 Internal control of cash receipts The procedures used for over-the-counter receipts are as follows. At the close of each day's business, the sales clerks count the cash in their respective cash drawers, after which they determine the amount recorded by the cash register and prepare the memo cash form, noting any discrepancies. An employee from the cashier's office counts the cash, compares the total with the memo, and takes the cash to the cashiers office a.Indicate the weak link in internal control. b.How can the weakness be corrected? OBJ. 2, 3 EX 7-10 Internal control of cash receipts Sergio Flores works at the drive-through window of Big & Bad Burgers. Occasionally when a drive-through customer orders, Sergio fills the order and pockets the customer's money. He does not ring up the order on the cash register Identify the internal control weaknesses that exist at Big & Bad Burgers, and discuss what can be done to prevent this theft. OBJ. 2, 3 EX 7-11 Internal control of cash receipts The mailroom employees send all remittances and remittance advices to the cashier. The cashier deposits the cash in the bank and forwards the remittance advices and duplicate deposit slips to the Accounting Department. a. Indicate the weak link in internal control in the handling of cash receipts b.How can the weakness be corrected? OBJ. 2, 3 EX 7-12 Entry for cash sales; cash short The actual cash received from cash sales was $33,854 and the amount indicated by the cash register total was $33,866. Journalize the entry to record the cash receipts and cash sales. OBJ. 2, 3 EX 7-13 Entry for cash sales; cash over The actual cash received from cash sales was $51,175 and the amount indicated by the cash register total was $50,997. Journalize the entry to record the cash receipts and cash sales. OBJ. 2, 3

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