The gardner company, a client of your firm, has come to you with the following problem. it has three clerical employees who must perform the following functions: a. maintain the general ledger b. maintain the accounts payable ledger c. maintain the accounts receivable ledger d. prepare checks for signature e. maintain the cash disbursements journal f. issue credits on returns and allowances g. reconcile the bank account h. handle and deposit cash receipts assuming equal abilities among the three employees, the company asks you to assign the eight functions to them to maximize internal control. assume that these employees will perform no accounting functions other than the ones listed. 227chapter 7 control and accounting information systems required a. list four possible unsatisfactory pairings of the functions. b. state how you would distribute the functions among the three employees. assume that with the exception of the nominal jobs of the bank reconciliation and the issuance of credits on returns and allowances, all functions require an equal amount of time. (cpa examination, adapted)

Jamie lee is reviewing her finances one month later. she has provided the actual amounts paid below. use the cash budget table below to her identify the variances in her budget. each answer must have a value for the assignment to be complete. enter "0" for any unused categories. actual amounts income: monthly expenses: gross monthly salary $2,315 rent obligation $260 net monthly salary $1,740 utilities/electricity $130 savings allocation: utilities/water $10 regular savings $130 utilities/cable tv $155 rainy-day savings $20 food $160 entertainment: gas/maintenance $205 cake decorating class $90 credit card payment $25 movies with friends $50 car insurance $75 clothing $145 budgeted amounts assets: monthly expenses: checking account $1,850 rent obligation $225 emergency fund savings account $4,300 utilities/electricity $75 car $5,200 utilities/water $35 computer & ipad $1,100 utilities/cable tv $120 liabilities: food $115 student loan $6,600 gas/maintenance $95 credit card balance $1,000 credit card payment $45 income: car insurance $45 gross monthly salary $2,155 clothing $45 net monthly salary $1,580 entertainment: savings allocation: cake decorating class $90 regular savings $130 movies with friends $50 rainy day savings $20