Current Attempt in Progress

Concord Care Corporation had the following selected transactions in September:

Collected $$220$ cash from customers for services performed in August.

Collected $$525$ cash from customers for services performed in September

Billed customers $$62S$ for services performed in September.

Performed $590$ of services to customers who pald in advance in August.

Received $$90$ from customers in advance for services to be performed in October.

$$ Calculate revenue for the month of September using the accrual basis of accounting $($Do not leave any answer field blank Enter of for amounts$)$

Collected $$220$ cash from customers for services performed in August.

$

Collected $$525$ cash from customers for services performed in September.

Billed customers $$625$ for services performed in September.

Performed $$90$ of services to customers who paid in advance in August.

Received $590$ from customers in advance for services to be performed in October.

Total revenue

Current Artempt in Progress

Match each of the following control activities with its appropriate description.

Assignment of responsiballty

Segresation of duties

$.$ Documentation

Proyalcal control

Review and reconciliation

$($a$)$ All transections should include orisinal, detalled recelpes

$($b$)$ Undeposited cash should be stored in the compary safe.

$($c$)$ Surprise cash counts are peirformed by internal audir:

$($a$)$ Responalbllity for related activities should be assigned to spedifcemplopeses.

$($e$)$ Cheque signers are not allowed to recond cash sransactions

Current Attempt in Progress

When Wildhorse Holdings Ltd$.$ received its bank statement for the month of October, it showed that the company had a cash balance of $$22\mathrm{.}904$ as at October $31.$ Wildhorse's general ledger showed a cash balance of $$23\mathrm{.}257$ at that date A comparison of the bank statement and the accounting records revealed the following information

Bank service charges and debit and credit card processing fees for the month were $$73.$

A cheque in the amount of $$712$ from one of Wildhorse's customers that had been deposited during the last week of October was returned with the bank statement as $"$NSF:

Cheque #$3421,$ which was a payment for utilitles eqenses. had been correctly written for $$1,045$ but had been incorrectly recorded in the general ledger as $$838$

Wildhorse had written and mailed out cheques with a value of $$3,271$ that had not yet cleared the bank account.

During the month, the bank collected a $$2\mathrm{.}440$ note receivable plus the outstanding interest of $$220$ on behalf of Wildhorse The interest had already been accrued by Wildhorse.

The cash receipts for October $31$ amounted to $$5,292$ and had been deposited in the night deposit chute at the bank on the evening of October $31.$ These were not reflected on the bank statement for October.

$($a$)$

Prepare the bank reconciliation at October $31.($List items that increase balance as per bank & books first.$)$

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$4$

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