I need help with:

Internal Controls

[Provide suggestions for a simple system of internal controls to assist the owners in protecting assets and ensuring accuracy in financial data. Consider additional controls that will support the potential for adding merchandise and additional assets with business growth/expansion.]

\f\f\f\fInternal Controls [Provide suggestions for a simple system of internal controls to assist the owners in protecting assets and ensuring accuracy in nancial data. Consider additional controls that will support the potential for adding merchandise and additional assets with business gmwu'expansion] A B C D E F G Company Name Statement of Owner's Equity Period Ending 03/31/20XX Beginning Capital on 3/01/20XX Increases to capital Net income/loss: 3,224.17 Owner Contributions S 17,250.00 Subtotal: 20,474.17 0 Decreases to capital 2 Owner Draws S 500.00 3 4 Ending Equity as of 03/31/20XX 19,974.17 5 6A B C Trial Balance As of 03/31/20XX 4 Unadjusted trial balance Account Debit Credit 6 Cash 138,515.00 7 Accounts Receivable 3,500.00 8 Prepaid Rent 950.00 9 Office Furniture 2,750.00 10 Office Supplies 215.00 11 Accumulated Depreciation (45.83) Notes Payable 125,000.00 13 Accounts Payable 135.00 14 Wages Payable 275.00 6Owner's Capital 17,750.00 16 Owner Draws 500.00 17 Service Revenue 6,225.00 18 Rent Expense 950.00 19 Business License Expense 250.00 20 Depreciation Expense 45.83 21 Insurance Expense 750.00 22 Repairs and Maintenance Expense 95.00 23 Advertising Expense 500.00 24 Wages Expense 275.00 25 Utilities Expense 135.00 27 Total: 149,385.00 149,385.00 28 20 30 31 Debits should equal credits 27