For Each of the Internal Control Questions for Notes Payable,indicate

For each of the internal control questions for notes payable,indicate by letter the related ASB transaction assertion.Answers may be used more than once.

$\begin{array}{lccc}\text {--- } & \text {1. Are paid notes canceled, stamped PAID, and } & \\\text {---} & \text { filed? } & \text { A. Valuation or allocation } \\\text {--- } & \text { 2. Are bank due notices compared with records} &\\\text { ---} & \text { of unpaid liabilities? } & \text { B. Oecurrence } \\\text { ---} & \text { 3. Are notes payable kept by someone who cannot } & \\\text { ---} & \text { sign notes or checks?} & \text { C. Completeness } \\\text { ---} & \text { 4. Is all borrowing authorization by the directors } & \\\text { ---} & \text { checked to determine whether all notes payable } & \\\text { ---} & \text { are recorded?} & \text {D. Rights } \\\end{array}$