Refer to the system flowchart below and identify the internal control risks represented in it: Mail Room Clerk 1Mail Room Clerk 2Accounts Receivable DepartmentRemittanceAdviceRemittanceCheckAdviceRemittanceListRemittanceAdviceCheckCheckAR SubLedgerOpen Mailand ReconcileRemit advicePrepareRemittance List,Distribute RAand Checksand CheckReconcile,Record inCash ReceiptsJournal, andAccounts, DepositCashJournalRemittanceAR ControlGL CashRemittanceAdviceListCheckCheckRemitanceListRemittanceDepositSlipRemittanceAdviceAdviceRemittanceCheckListBANK

System flowchart is a data flow diagram that analyze the beginning criteria and end results of a…

Answered: Refer to the system flowchart below and…

Business

Accounting

Refer to the system flowchart below and identify the internal control risks represented in it:

Accounting Information Systems

10th Edition

ISBN:9781337619202

Author:Hall, James A.

Publisher:Hall, James A.

Chapter2: Introduction To Transaction Processing

Section: Chapter Questions

Problem 19P

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1 On 7/1/20 the client sends you a copy of check #111 for payment to Sally's Lawn Care for $500.00. You enter the check into QBO using 7/1/20 as the date. On 7/4/20 check #111 clears the bank and comes through the QBO bank feed for $500.00, however, it’s not “matching” to the entry you already created on 7/1/20. How do you troubleshoot the above issue to get this transaction to "match" in QBO?
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