1) Identify the three internal control techniques for safeguarding cash. 2) With regard to the following information, a) Prepare general journal entries for each of the following transactions, assuming a periodic inventory system. Calculate net purchases or net sales, whatever the case may be. June 5 June 10 June 14 b) Purchased 1,000 units at $12 per unit. 2/10, n/60. Returned 100 units and received a price adjustment. Paid the amount due 3) With regard to the following information, a) Prepare general journal entries for each of the following transactions, assuming a periodic inventory system. b) Calculate net purchases or net sales, whatever the case may be. Sold merchandise to customer for $2,500. 3/10, n/60. May 1 May 4 Customer returned $500 of merchandise and received a price adjustment. May 8 Received the amount due. In its first month of operations, Company has two transactions relating to inventory 4) 5 January 15 January 50 units @ $50 each 75 units@$60 each Purchase Purchase Company uses the periodic inventory system. Company sold 100 units, of which 45 came from the 5 January purchase, and 55 came from the 15 January purchase. Calculate cost of goods sold and ending inventory, assuming a) specific identification, b) weighted average, c) FIFO, and d) LIFO