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(Solved): PendleyPendley Productions makes all sales on credit. Cash receipts arrive by mail. MikeMike Ren ...



PendleyPendley Productions makes all sales on credit. Cash receipts arrive by mail. MikeMike RennickeRennicke?, the mailroom?clerk, opens envelopes and separates the checks from the accompanying remittance advices. RennickeRennicke forwards the checks to another?employee, who makes the daily bank deposit but has no access to the accounting records. RennickeRennicke sends the remittance?advices, which show cash?received, to the accounting department for entry in the accounts. Rennicke'sRennicke's only other duty is to grant sales allowances to customers.?(Asales allowance decreases the?customer's account?receivable.) When RennickeRennicke receives a customer check for $ 250$250 less a $ 35$35 ?allowance, he records the sales allowance and forwards the document to the accounting department.



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