Question: M5-2 Identifying Internal Controls over Financial Reporting [LO 5-2, LO 5-3] Fox Erasing has a system of internal control with the following procedures. Match the

M5-2 Identifying Internal Controls over Financial Reporting [LO 5-2, LO 5-3]

M5-2 Identifying Internal Controls over Financial Reporting [LO 5-2, LO 5-3] Fox Erasing has a system of internal control with the following procedures. Match the procedure to the corresponding internal control principle Procedure Internal Control Principle 1. |The treasurer signs checks 2. The treasurer is not allowed to make bank deposits. 3. The company's checks are prenumbered 4. Unused checks are stored in the vault 5. A bank reconciliation is prepared each month

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