Suppose the right rig dealership is opening a regional office in omaha. cary regal, the office manager, is designing the internal control system. regal proposes the following procedures for credit checks on new customers, sales on account, cash collections, and write-offs of uncollectible receivables: • the credit department runs a credit check on all customers who apply for credit. when anaccount proves uncollectible, the credit department authorizes the write-off of theaccounts receivable. • cash receipts come into the credit department, which separates the cash received from thecustomer remittance slips. the credit department lists all cash receipts by customer nameand amount of cash received. • the cash goes to the treasurer for deposit in the bank. the remittance slips go to theaccounting department for posting to customer accounts. • the controller compares the daily deposit slip to the total amount posted to customeraccounts. both amounts must agree. required recall the components of internal control. identify the internal control weakness in this situation, and propose a way to correct it.