Listed below are seven errors or problems which might occur in the processing of cash transactions. Also shown is a list of internal control principles. Evaluate each possible error and cite a principle that is listed that would reduce the probability of the error occurring. If none of the principles given will correct the problem, select "None. "If you think more than one principle is appropriate, list all principles that apply. Internal Contra Possible Errors or Problems An employee steals the cash collected from a customer for an account receivable and conceals this theft by issuing a credit memorandum indicating that the customer returned the merchandise 1 2 Asmall fire destroys 3 days of cash receipts. 3 The official designated to sign checks is able to steal blank checks and issue them without fear of detection 4 Asalescerk in serving customers often rings up a sale for less than the actual amount and then keeps the additional cash collected from the customer. 5. Three cashiers use one cash register drawer and the cash in the drawer is often short of the balance kept on hand 6 Each cashier counts his own register drawer each day and verbally reports the results to the supervisor 7. Cashiers with over 5 years oxperience are not bonded eTextbook and Media Sade for Later Attempts:0 of 1 used Submit Answer View Policies Current Attempt in Progress Listed below are seven errors or problems which might occur in the processing of cash transactions. Also shown is a list of internal control principles. Evaluate each possible error and cite a principle that is listed that would reduce the probability of the error occurring. If none of the principles given will correct the problem, select "None. "If you think more than one principle is appropriate, list all principles that apply. Internal Control Principles stomer for an account receivable and conceals this theft by customer returned the merchandise teal blank checks and issue them without fear of detection sale for less than the actual amount and then keeps the > the cash in the drawer is often short of the balance kept > hday and verbally reports the results to the supervisor onded e Textbook and Media Safor La Attempts:0 of 1 used Submit