Listed below are five procedures followed by The Beat Company.

Several individuals operate the cash register using the same register drawer.
A monthly bank reconciliation is prepared by someone who has no other cash responsibilities.
Ellen May writes checks and also records cash payment journal entries.
One individual orders inventory, while a different individual authorizes payments.
Unnumbered sales invoices from credit sales are forwarded to the accounting department every four weeks for recording.
Indicate whether each procedure is an example of good internal control or of weak internal control. If it is an example of good internal control, indicate which internal control principle is being followed. If it is an example of weak internal control, indicate which internal control principle is violated. Use the table below

To determine whether each procedure is an example of good or weak internal control, we need to understand the internal control principles and assess how they are being followed or violated. The five internal control principles are:

1. Establishment of Responsibility: Assigning specific duties to different individuals and ensuring they understand their responsibilities.
2. Segregation of Duties: Separating conflicting duties among different employees to prevent fraud or errors.
3. Documentation Procedures: Maintaining records and documenting all transactions properly.
4. Physical Controls: Safeguarding assets and ensuring their proper use.
5. Independent Internal Verification: Regularly reviewing and reconciling different sets of records to detect errors or irregularities.

Now let's analyze each procedure:

1. Several individuals operate the cash register using the same register drawer.
- This procedure violates the principle of segregation of duties since multiple individuals have access to the same register drawer. It is an example of weak internal control.

2. A monthly bank reconciliation is prepared by someone who has no other cash responsibilities.
- This procedure follows the principle of segregation of duties by assigning bank reconciliation to someone who has no other cash responsibilities. It is an example of good internal control.

3. Ellen May writes checks and also records cash payment journal entries.
- This procedure violates the principle of segregation of duties since Ellen May performs both tasks of writing checks and recording cash payment journal entries. It is an example of weak internal control.

4. One individual orders inventory, while a different individual authorizes payments.
- This procedure follows the principle of segregation of duties, as ordering inventory and authorizing payments are assigned to different individuals. It is an example of good internal control.

5. Unnumbered sales invoices from credit sales are forwarded to the accounting department every four weeks for recording.
- This procedure violates the principle of documentation procedures since unnumbered sales invoices make it difficult to properly track and record transactions. It is an example of weak internal control.

In summary:

Procedure 1: Weak internal control (Segregation of Duties violated)
Procedure 2: Good internal control (Segregation of Duties followed)
Procedure 3: Weak internal control (Segregation of Duties violated)
Procedure 4: Good internal control (Segregation of Duties followed)
Procedure 5: Weak internal control (Documentation Procedures violated)