ACC 280 Exercise 8-5 Listed below are five procedures followed by The Beat Compa

ACC 280 Exercise 8-5 Listed below are five procedures followed by The Beat Company.XACC 280 Exercise 8-5 Listed below are five procedures followed by The Beat Company.ACC 280 E8-5 The Beat CompanyPrinciples
of Accounting: Weygandt J. J. Kimmel P. D. & Kieso D. E.
(2008). Financial Accounting (6th ed.). Hoboken NJ: Wiley.Axia College of University of Phoenix (UoP)ACC 280XACC 280Exercise 8-5 Listed below are five procedures followed by The Beat Company.1. Several individuals operate the cash register using the same register drawer.2. A monthly bank reconciliation is prepared by someone who has no other cash responsibilities.3. Ellen May writes checks and also records cash payment journal entries.4. One individual orders inventory while a different individual authorizes payments.5. Unnumbered sales invoices from credit sales are forwarded to the accounting department every four weeks for recording.InstructionsIndicate whether each procedure is an example of good internal control or of weak internal control.If it is an example of good internal control indicate which internal control principle is being followed. If it is an example of weak internal control indicate which internal control principle is violated. Use the table below.Procedure IC Good or Weak? Related Internal Control Principle1.2.3.4.5.