There are accounting conceptual errors and quantitative$/$formatting errors in the bookkeeping records of Candies Galore. Find the errors and trace them back to the source transaction. In a Word document, present the following information in a professional manner to the owner of Candies Galore. Use a copy of the Excel document when you make the quantitative and formatting corrections.

Make a listing of each error along with the correction needed. Use accounting principles and concepts to support the corrections needed.

For each error discuss an internal control procedure that would help prevent the error from happening in the future. Use COSO standards to support your discussion.

Discuss options on how the owner should handle accounts receivables and uncollectible accounts in the future. Use GAAP guidelines and research to support your discussion.