Accounting Problem
• Identify the six principles of internal control. Give examples of each principle. Discuss the limitations of internal control.
• List the steps in preparing a bank reconciliation. Prepare a bank reconciliation. Prepare the journal entries that result from a bank reconciliation.
• In which financial statement(s) is cash reported? Discuss restricted cash and negative cash balances.
• Discuss the five basic principles of cash management.
The response must include a reference list. Using one-inch margins, double-space, Times New Roman 12 pnt font and APA style of writing and citations.