23-22 (oBECTIVE 23 You are doing the first-year audit of Sherman School District and have been assigned responsibility for doing a four-column proof of for the month of October 2016. You obtain the following information: 10,725 1. Balance per books September 30 5,836 October 6,915 2. Balance perbank September 30 8,276 October 31 3. Outstanding checks September 30 2,615 4. Cash receipts for October 28,792 per bank. per books 5. Deposits in transit September 30 5.62 October 31 6. Interest on a bank loan for the month of october, charged by the bank but not recorded was $596 7. Proceeds on a note of the Jones Company were collected by the bank on October 28 but were not entered on the books: Principal 2,900 396 3,296 8. On October 26, a $1,144 check of the Bilings Company was charged to Sherman School District's account by the bank in error. 9. Dishonored checks are not recorded on the books unless they permanently fail to clear the bank. The bank treats them as disbursements when they are dishonored and as deposits when they are redeposited. Checks totaling $1,335 were dishonored in October; $600 was redeposited in October and $735 in November. a. Prepare a four-column proof of cash for the month ended October 31. It should show Required both adjusted and unadjusted cash b. Prepare all adjusting entries 23-22 (oBECTIVE 23 You are doing the first-year audit of Sherman School District and have been assigned responsibility for doing a four-column proof of for the month of October 2016. You obtain the following information: 10,725 1. Balance per books September 30 5,836 October 6,915 2. Balance perbank September 30 8,276 October 31 3. Outstanding checks September 30 2,615 4. Cash receipts for October 28,792 per bank. per books 5. Deposits in transit September 30 5.62 October 31 6. Interest on a bank loan for the month of october, charged by the bank but not recorded was $596 7. Proceeds on a note of the Jones Company were collected by the bank on October 28 but were not entered on the books: Principal 2,900 396 3,296 8. On October 26, a $1,144 check of the Bilings Company was charged to Sherman School District's account by the bank in error. 9. Dishonored checks are not recorded on the books unless they permanently fail to clear the bank. The bank treats them as disbursements when they are dishonored and as deposits when they are redeposited. Checks totaling $1,335 were dishonored in October; $600 was redeposited in October and $735 in November. a. Prepare a four-column proof of cash for the month ended October 31. It should show Required both adjusted and unadjusted cash b. Prepare all adjusting entries