Question: Sergio Flores works at the drive through window of Big
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.
Answer to relevant QuestionsThe actual cash received from cash sales was $114,850, and the amount indicated by the cash register total was $114,975. Journalize the entry to record the cash receipts and cash sales.Accompanying a bank statement for Borsa Company is a credit memo for $18,200, representing the principal ($17,500) and interest ($700) on a note that had been collected by the bank. The company had been notified by the bank ...Capstone Turbine Corporation produces and sells turbine generators for such applications as charging electric, hybrid vehicles. Capstone Turbine reported the following financial data for a recent year (in thousands):Net cash ...Cedar Springs Company completed the following selected transactions during June 2014:June 1. Established a petty cash fund of $1,000.12. The cash sales for the day, according to the cash register records, totaled $9,440.The ...TearLab Corp. is a health care company that specializes in developing diagnostic devices for eye disease. TearLab reported the following data (in thousands) for three recent years:1. Determine the monthly cash expenses for ...
Post your question