1. What are the three factors that contribute to fraud? 2. What are the four purposes of internal control? 3. What are the major components of The Sarbanes-Oxley Act? 4. Define the following bank reconciliation terms: Deposit in transit: Outstanding check: 5. Prepare the following bank reconciliation Balance per bank statement, Oct. 31 Cash balance per general ledger (books) $10,360 $11,200 Deposit made on Oct 31, recorded by bank on Nov. 1 $1,865 Outstanding checks (total) $1,252 Check error: written for $152 but recorded for $125 Bank Service Charge NSF check $50 $150 Bank Side: Book Side: 6. What is the transaction on the accounting equation to record $50 in bank service charges? Assets Liabilities Equity