Auditing cash is an important part of almost every financial statement audit. Testing cash is typically performed by testing each of the components of the year-end bank reconciliation. It is important that the auditor consider the relevant assertion for each component of the bank reconciliation in order to design appropriate tests. Three components are labeled on the bank reconciliation shown below. For each component, (1) indicate the most relevant assertions) for that component and (2) write an audit procedure you would use to test the assertion(s). Be specific with the audit procedure you would perform.

Viking Soup, Inc. Bank Reconciliation 12/31/2019 General Cash Account Balance per Bank at 12/31/2019 Add: Deposit in Transit Deduct: Outstanding Checks Check \#3147 Check \#3149 Check \#3152 $1,672,980 156,745 (372,500) (5,437) (67,842) Balance per Books at 12/31/2019 $1,383,946