4:53 : Bank Reconciliation Problem Accounting 321 - Professor Dauber The following client-prepared bank reconciliation is being examined by Dewey, Cheatum, and Howe, CPAs, during an audit of the financial statements of Stin Kin Company: Stin Kin Company BANK RECONCILIATION VILLAGE BANK ACCOUNT 2 December 31, 2014 Balance per bank (a) $18,375.91 Deposits in Transit (b) 12/30 1,471.10 12/31 2,840.69 4,311.79 Subtotal 22,687.70 Outstanding checks (c) 837 6,000.00 1941 671.80 1966 320.00 1984 1,855.42 1985 3,621.22 1987 2,576. 1991 4,420.88 (19,466.21) Subtotal 3,2 NSF check returned 12/29 (d) 200.00 Bank charges 5.50 Error Check No. 1932 148.10 Customer note collected by the bank ($2,750 plus $275 interest) (e) ( 3,025.00) Balance per books (f) 550.09 Required: 1. State one or more audit procedures that should be performed by the auditors in gathering evidence in support of each of the items (a) through (f) above. 2. Redraft the bank reconciliation using the Dauber Method, as discussed in class. This problem was adapted from the May 1983 CPA Exam