Instructions Identify the internal control principles and their application to cash disbursements of Bolz Office Supply Identify internal control weaknesses in cash receipts and cash disbursements 01, 2) Rondelli School wants to raise money for a new sound system for its auditorium. The pri mary fund-raising event is a dance at which the famous disc jockey D.J. Sound will play classic and not so-classic dance tunes, Matt Ballester, the music and theater instructor, has been given the responsibility for coordinating the fund-raising efforts. This is Matt's first experience with fund-raising. He decides to put the student choir in charge of the event, he will be a relatively passive observer. Matt had 500 unnumbered tickets printed for the dance. He left the tickets in a box on his desk and told the choir students to take as many tickets as they thought they could sell for 5 each. In order to ensure that no extra tickets would be floating around, he told them to dispose of any one the students received payment for the tickets, they were to brine the cash back to Matt and he would put it in a locked box in his desk drawer. Some of the students were responsible for decorating the eymnasium for the dance. Malt gave each of them a key to the money box and told them that if they took money out to purchase materials, they should put a note in the box saying how much they took and what it was used for. After 2 weeks the money box appeared to be getting full, so Matt asked Jeff Kenney to count the money, prepare a deposit slip, and deposit the money in a bank account Matt had opened. The day of the dance, Matt wrote a check from the account to pay the DJ. DJ. Sound, however, said that he accepted only cash and did not give receipts. So Matt took 200 out of the cash box and gave it Matt had Sam Copper working at the entrance to the gymnasium, collecting tickets from students, and selling tickets to those who had not prepurchased them. Matt estimated that 400 stu. dents attended the dance. The following day, Matt closed out the bank account, which had 250 in it, and gave that amount plus the 180 in the cash box to Principal Finke. Principal Finke seemed surprised that, after generating roughly 2,000 in sales, the dance netted only 430 in cash. Matt did not know how to respond. Instructions Identify as many internal control weaknesses as you can in this scenario, and suggest how each could be addressed