Acct 1 fall 2018 Name: Chapter 7 Take-home Project, fal 20168-Accounting1 1. Match the principle of internal control to each of the following cases. a) Establishment of responsibility b) Segregation of duties Accountability for assets e) Physical controls 1. Employees time is tracked using a time clock 2 Employees who receive shipments of goods do not have access to the accounting records for merchandise. 3. Shipping documents are pre-numbered 4. The bookkeeper does not have physical custody of assets 5. Only the treasurer of the company can sign checks the custodian of the petty cash fund. On October 31, 2018, Jill Gray submitted the following paid petty cash receipts for replenishment of the petty cash fund when there is 45 cash in the fund Freight-in Office Supplies Expense Entertainment of Clients Postage Expense $27 35 60 28 Instructions Prepare the journal entries required to establish the petty cash fund on October 1 and the replenishment of the fund on October 31. (Only 2 journal entries on take-home project.) 6. October 1 7 October 31