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A mailroom employee of Slater Company is suspected of stealing customer checks (including the remittance advice) when they arrive in the mail. Slater Company has many controls in place to try to prevent this type of activity from happening, but it still could happen. Which of the following controls would be best to detect the theft of the checks?

QUESTION DIRECTIONS: Enter the appropriate words and/or numbers in the spaces provided. Important: 1: If you do not need to enter something in a space (not all spaces may be needed to answer the question), enter a single asterisk * in all blank spaces.   2: Do not abbreviate.  3. Round all numbers to whole numbers (do not use decimals and cents) 4. Do not use dollar signs, just enter numbers. 5: Canvas will automatically grade this type of question and will most likely grade your answer as incorrect. I will fix any grading issues and adjust your score.  When I regrade this question, your exam score may go down.    Scenario:  On January 1st, Star IS received a Purchase Order (PO 222) from their customer, Johnson Incorporated. The Purchase Order indicated the price of the goods was $5,000. According to Star IS’s inventory system, Start IS purchased the goods for $2,000. On January 10th, Star IS delivered the goods to Jones Incorporated.  On January 13th, Star IS sent the bill to Jones Incorporated.  Question: In the spaces below, enter the necessary Journal Entry to record the  January 13th event in the books of Star IS?   Account                                      Amount                            [Debit1]                             [Debit1Amount] [Debit2]                             [Debit2Amount]                                Account                                    Amount                                [Credit1]                         [Credit1Amount]                             [Credit2]                         [Credit2Amount]                            * Be sure you entered asterisks in all spaces above that should be blank. 

The Normal balance of an Additional Paid-in Capital Account is which of the following:

Slater Company’s internal audit staff found an issue with several receipts of goods from a single supplier. They found 12 separate deliveries from the same Vendor. Each delivery was on the first of the month. The auditors found it strange that each delivery was for exactly 63 boxes of paper and that each delivery seemed to reference the same purchase order. Which of the following scenarios is most likely the reason for the above findings?

Slater Company is currently considering an Evaluated receipt settlement (ERS) system in the Expenditure Cycle. If the company decides to use the Evaluated Receipt settlement process, which two documents must be compared before sending payment to the vendor?

Slater Company is reviewing the company’s expenditure cycle. Currently, the company is small and the same person who records the cash payments in the accounting records also cuts the check to the vendor. The current arrangement violates which of the following segregation of duties functions?

The Slater Company is concerned about uncollectible customer accounts. Which of the following controls could the company put in place to prevent uncollectible accounts?

The Normal balance of the Retained Earnings Account is which of the following:

A customer of Slater Company just received goods they ordered from Slater, and they have called to complain to customer service. They ordered 50 books from our company but only 40 were in the box they received. Our customer service agent needs to determine how many books were actually sent to the customer. To verify this information, our customer service agent could look for the quantity of goods as listed on the:

QUESTION DIRECTIONS: Enter the appropriate words and/or numbers in the spaces provided. Important: 1: If you do not need to enter something in a space (not all spaces may be needed to answer the question), enter a single asterisk * in all blank spaces.   2: Do not abbreviate.  3. Round all numbers to whole numbers (do not use decimals and cents) 4. Do not use dollar signs, just enter numbers. 5: Canvas will automatically grade this type of question and will most likely grade your answer as incorrect. I will fix any grading issues and adjust your score.  When I regrade this question, your exam score may go down.    Scenario:  On January 1st, Star IS received a Purchase Order (PO 222) from their customer, Johnson Incorporated. The Purchase Order indicated the price of the goods was $5,000. According to Star IS’s inventory system, Start IS purchased the goods for $2,000. On January 10th, Star IS delivered the goods to Jones Incorporated.  Question: In the spaces below, enter the necessary Journal Entry to record the  January 10th event in the books of Star IS?   Account                                      Amount                            [Debit1]                             [Debit1Amount] [Debit2]                             [Debit2Amount]                                Account                                    Amount                                [Credit1]                         [Credit1Amount]                             [Credit2]                         [Credit2Amount]                            * Be sure you entered asterisks in all spaces above that should be blank.