Chapter 13 Homework ACCT 107 Cynthia Company Bank Reconciliation December 31, 2018 Balance per bank 12/31 $ 18,375.91 a 1 Deposits in Transit 12/30 12/31 $1,471.10 b 2,840.69 b 4,311.79 Outstanding Checks 6/30 837 12/15 1941 12/20 1966 12/21 1984 12/23 1985 12/28 1985 12/30 1991 6,000.00 671.80 320.00 1,855.42 3,621.22 2,576.89c 4,420.88 C (19,466.21) NSF check returned 12/29 December bank Charges Error in Check 1932, dated 11/20 Customer note collected by bank, 12/21 200.00 d 550.00 148.10 (3,025.00) Balance per book $ 1,094.59 h 1 Required: Determine which of the audit procedures listed below would most likely have been used to verify the accuracy of the amounts identified (a-h): Agreed to bank confirmation received directly from bank Foot the schedule and agree to the Cash lead sheet. Agreed check to the bank cutoff statement dated 1/15/19 as to date and amount. Agreed check to the bank statement dated 12/31/18 as to date and amount. Agreed deposit amount to the bank statement dated 12/31/18 as to date and amount. Agreed check to the vendor invoice as to date and amount. Agreed deposit to the bank cutoff statement dated 1/15/19 as to date and amount. Agreed to the difference between the amount recorded in the November cash disbursements journal and the amount reported on the bank statement dated 12/31/18 Agreed charge to the bank statement dated 12/31/18 Agreed charge to the bank cutoff statement dated 1/15/19 Agreed to notice from bank re: returned customer check Agreed amount to ending balance on bank statement dated 12/31/18 Chapter 13 Homework ACCT 107 Cynthia Company Bank Reconciliation December 31, 2018 Balance per bank 12/31 $ 18,375.91 a 1 Deposits in Transit 12/30 12/31 $1,471.10 b 2,840.69 b 4,311.79 Outstanding Checks 6/30 837 12/15 1941 12/20 1966 12/21 1984 12/23 1985 12/28 1985 12/30 1991 6,000.00 671.80 320.00 1,855.42 3,621.22 2,576.89c 4,420.88 C (19,466.21) NSF check returned 12/29 December bank Charges Error in Check 1932, dated 11/20 Customer note collected by bank, 12/21 200.00 d 550.00 148.10 (3,025.00) Balance per book $ 1,094.59 h 1 Required: Determine which of the audit procedures listed below would most likely have been used to verify the accuracy of the amounts identified (a-h): Agreed to bank confirmation received directly from bank Foot the schedule and agree to the Cash lead sheet. Agreed check to the bank cutoff statement dated 1/15/19 as to date and amount. Agreed check to the bank statement dated 12/31/18 as to date and amount. Agreed deposit amount to the bank statement dated 12/31/18 as to date and amount. Agreed check to the vendor invoice as to date and amount. Agreed deposit to the bank cutoff statement dated 1/15/19 as to date and amount. Agreed to the difference between the amount recorded in the November cash disbursements journal and the amount reported on the bank statement dated 12/31/18 Agreed charge to the bank statement dated 12/31/18 Agreed charge to the bank cutoff statement dated 1/15/19 Agreed to notice from bank re: returned customer check Agreed amount to ending balance on bank statement dated 12/31/18
