Dinah Corp.

Bank Reconciliation

June 30, 2021

Cash balance from the bank statement

$63,400

Add: deposits in transit

1,780

Less: outstanding checks

(4,630)

Adjusted cash balance

$ 60,550

Cash balance from company records

$58,770

Add: interest earned

100

Add: note and interest collected by the bank

3,080

Less: NSF check

(1,150)

Less: bank service charges

(160)

Less: correction of error

(90)

Adjusted cash balance

$ 60,550

The June 30, 2021 bank reconciliation above was prepared by our client, Dinah Corp.

Answer the following 3 parts:

1. What amount should be reported as the cash balance on the June 30, 2021 balance sheet of Dinah Corp.? 1 point.
2. What number should we attempt to confirm with the bank using a standard bank confirmation (assuming the fiscal year-end of Dinah Corp. is June 30, 2021)? 1 point.
3. Provide at least 4 additional, unique audit procedures you could perform over this bank reconciliation. If you wish, you can make a tickmark for each audit procedure, but at minimum you must provide a description of the audit procedure and specifically indicate the number over which you're performing the audit procedure. 4 points. You canNOTuse the bank confirmation number as 1 of your 4 additional procedures.Hint:Think of the testwork you did for OVM.