Question: ---------------------------------------------- BE7-4 Identify control activities applicable to cash payments. (LO 2) C Bujold Company has the following internal controls over cash payments. Identify the control

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BE7-4 Identify control activities applicable to cash payments. (LO 2) C Bujold Company has the following internal controls over cash payments. Identify the control activity that is applicable to each of the following. 1. Company cheques are pre-numbered. 2. Blank cheques are stored in a safe in the controller's office. 3. All employees in the accounting department are required to take vacations each year. 4. The bank statement is reconciled monthly by the assistant controller. 5. Both the controller and the treasurer are required to sign cheques or authorize EFT. 6. Cheque signers are not allowed to record cash payments

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