I am having trouble preforming a cash audit described below. If you would please view the pictures below and provide a solution I will be sure to leave positive feedback! Thank you!

We received the bank confirmation and bank cutoff statement this morning from Apollos primary bank. I left both documents in your mailbox at the office. I would prefer that you audit cash rather than Timothy (let him stick to vouching documents to keep him out of trouble). A couple of points:

1. Dont forget to trace from the cutoff bank statement to the outstanding check list to make sure that the listing is complete and accurate.

2. There was an adjustment made at the end of the year to other income that looks odd. If I remember correctly, there was a transaction in investments for the same amount. You may want to take a closer look.

3. The last check written in December was check number 3621. They use duplicate checks so I was able to look at the carbons when I was out at Apollo on Saturday.

Talk to you soon.

DW

STANDARD FORM TO CONFIRM ACCOUNT

BALANCE INFORMATION WITH FINANCIAL INSTITUTIONS

Apollo Shoes, Inc

CUSTOMER NAME

FINANCIAL INSTITUTION'S NAME AND ADDRESS

Twenty First National Bank

Post Office Box 1

Shoetown, ME 00002

We have provided to our accountants the following information as of the close of business on 12/31/2017, regarding our deposit and loan balances. Please confirm the accuracy of the information, noting any exceptions to the information provided. If the balances have been left blank, please complete this form by furnishing the balance in the appropriate space below.* Although we do not request nor expect you to conduct a comprehensive, detailed search of your records, if during the process of completing this confirmation additional information about other deposit and loan accounts we may have with you comes to your attention, please include such information below. Please use the enclosed envelope to return the form directly to our accountants.

1. At the close of business on the date listed above, our records indicated the following deposit balance(s):

ACCOUNT NAME

ACCOUNT NO.

INTEREST RATE

BALANCE*

General Cash Account

Payroll Account

Savings Account

604-17-526-5

604-29-016-3

604-03-739-8

n/a

n/a

3.2%

3,309,192.03

0

3,645,599.15

2. We were directly liable to the financial institution for loans at the close of business on the date listed above as follows:

ACCOUNT NO./

DESCRIPTION

BALANCE*

DATE DUE

INTEREST

RATE

DATE THROUGH WHICH INTEREST IS PAID

DESCRIPTION OF COLLATERAL

Note#106316

Line of Credit,

Acct#7500438

12,000,000

44,403,000

1/1/2018

20158(revolving)

8.15%

9.16%

11/30/2017

11/30/2017

Inventory

Inventory

E.P Unum 1/9/2018

(Customer's Authorized Signature(Date)

The information presented above by the customer is in agreement with our records. Although we have not conducted a comprehensive, detailed search of our records, no other deposit or loan accounts have come to our attention except as noted below.

I.M. Rich 1/13/2018

(Financial Institution Authorized Signature)(Date)

EXCEPTIONS AND OR COMMENTS

No exceptions noted.

Please return this form directly to our accountants:

Andersen, Olds, and Watershed, LLP

32nd Financial Avenue

Shoetown, ME 00002

* Ordinarily, balances are intentionally left blank if they are not available at the time this form is prepared.

Approved 1990 by American Bankers Association, American Institute of Certified Public Accounts, and Bank Administration Institute. Additional forms available from: AICPA - Order Department, P.O. Box 1003 NY, NY 10108-1003

Apollo Shoes, Inc.

100 Shoe Plaza

Shoetown, ME 00001

*** Your Checking Account 1-1-2018 THRU 1-15-2018 ***

Your Previous Balance

3,309,192.03

Additions

3 Deposits

29,597,022.90

2 Transfers from other accounts

11,500,000.00

Deductions

55 Checks

12,031,004.11

3 Transfers to other accounts

29,365,369.20

Your Current Balance

3,009,841.62

CYC

MC

FREQ

1

1

M0000

Deposits and Other Additions

Date

Amount

Date

Amount

1/3/18

440,782.45

1/13/18

23,146,954.54

1/5/18

6,009,285.91

Checks and Other Withdrawals

Check

Date

Amount

Check

Date

Amount

3586

1/3/18

8,533.12

3590

1/7/18

10,587.77

3587

1/3/18

4,741.30

3603

1/7/18

14,766.54

3582

1/3/18

330,375.80

3604

1/7/18

15,816.16

3591

1/4/18

7,566.07

3606

1/7/18

2,794.07

3598

1/4/18

16,472.00

3583

1/10/18

9,606.37

3597

1/5/18

15,746.44

3584

1/10/18

823.27

3599

1/5/18

12,610.96

3588

1/10/18

14,122.85

3602

1/5/18

6,394.61

3592

1/10/18

5,684.08

3615

1/5/18

12,904.00

3594

1/10/18

12,741.49

3612

1/5/18

4,194.79

3595

1/10/18

988.55

3593

1/6/18

18,421.90

3601

1/10/18

5,717.19

3610

1/6/18

5,929.87

3605

1/10/18

4,807.21

3617

1/6/18

1,073.73

3607

1/10/18

2,667,006.32

3619

1/6/18

7,841.27

3608

1/10/18

9,515.15

3585

1/6/18

7,960.15

3609

1/10/18

1,501.40

3589

1/6/18

6,707.05

3613

1/10/18

17,205.98

467,473.06

2,793,684.40

Account

604-17-526-5

Page 2 of 2

Checks and Other Withdrawals

CheckDateAmountCheckDateAmount

36211/10/201811,137.1936271/13/20186,891.16

35961/12/201810,014.9436281/13/20186,025.43

36001/12/2018200,000.0036291/13/2018927.09

36111/12/20181,266.8536331/13/20186,924.96

36161/12/20189,338.0236351/13/20185,174.00

36141/12/201814,366.4636361/13/2018585.28

36181/12/201813,377.1436241/14/20186,868.12

36201/12/20182,566.3036301/14/20188,419.69

36221/13/20186,683.9336311/14/20188,434,889.09

36231/13/20182,937.1336321/14/20181,117.19

36251/13/2018124.8136341/14/20184,994.99

36261/13/201815,216.88

Transfers to Other Accounts

DateAmountAccount

1/7/20186,300,000.00604-03-739-8

1/13/201822,500,000.00604-03-739-8

1/14/2018565,369.20604-29-016-3

Transfers from Other Accounts

DateAmountAccount

1/10/20183,500,000.00604-03-739-8

1/14/20188,000,000.00604-03-739-8

Date: 10 JAN 2018 13:02:47 +0000

From: "Karina Ramirez"

Subject: PBC Schedules

Weve completed the schedules that we agreed to prepare in our audit planning meeting. Ive left them on your worktable in the conference room.

According to your instructions, weve marked them PBC for Prepared by Client. Ive attached copies to this e-mail as well as posted them to your firms intranet site as you directed. Let us know if you have any questions.

Ive also left some other documents that you requested last Friday, specifically copies of two bank deposit slips from early January that you requested for your accounts receivable work.

Karina

Karina Ramirez

Director, Internal Audit

Apollo Shoes, Inc.

B-1

Apollo Shoes, Inc.

Cash Lead Schedule

Prepared by

For Year Ended 12/31/2017

Reviewed by

PBC

(Audited)

Unaudited

Balance

Balance

Acct #

Account Title

12/31/16

12/31/17

10100

Cash on Hand

$1,987.28

$2,275.23

10200

Regular Checking

$198,116.52

$557,125.92

10300

Payroll Checking

$0.00

$0.00

10400

Savings

$3,044,958.13

$3,645,599.15

$3,245,061.93

$4,205,000.30

Apollo Shoes

Bank Reconciliation

12/31/17

General Account

Unadjusted book balance

226,750.12

Bank Adjustments

0

Amount to Balance

330,375.80

* Adjustment to balance posted to Cash and Controller's Clearing Account

Adjusted book balance

557,125.92

Balance per bank statement

3,309,192.03

Add Deposits in transit

440,782.45

Deduct O/S Checks

-3,192,848.56

Adjustment to Balance

Adjusted bank balance

557,125.92

Payroll Account

Unadjusted book balance

0

Bank adjustments

0

Adjusted book balance

0

Balance per bank statement

0

Add Deposits in transit

598,341.59

Deduct O/S Checks

-598,341.59

Adjusted bank balance

0

Apollo Shoes, Inc

Outstanding Checks

31-Dec-17

PBC

Check #

Date

Amount

Check #

Date

Amount

3583

12/31/17

9,606.37

3606

12/31/17

2,794.07

3584

12/31/17

823.27

3607

12/31/17

2,667,006.32

3585

12/31/17

7,960.15

3608

12/31/17

9,515.15

3586

12/31/17

8,533.12

3609

12/31/17

1,501.40

3587

12/31/17

4,741.30

3610

12/31/17

5,929.87

3588

12/31/17

14,122.85

3611

12/31/17

1,266.85

3589

12/31/17

6,707.05

3612

12/31/17

4,194.79

3590

12/31/17

10,587.77

3613

12/31/17

17,205.98

3591

12/31/17

7,566.07

3614

12/31/17

14,366.46

3592

12/31/17

5,684.08

3615

12/31/17

12,904.00

3593

12/31/17

18,421.90

3616

12/31/17

9,338.02

3594

12/31/17

12,741.49

3617

12/31/17

1,073.73

3595

12/31/17

988.55

3618

12/31/17

13,377.14

3596

12/31/17

10,014.94

3619

12/31/17

7,841.27

3597

12/31/17

15,746.44

3620

12/31/17

2,566.30

3598

12/31/17

16,472.00

3621

12/31/17

11,137.19

3599

12/31/17

12,610.96

3600

12/31/17

200,000.00

TOTAL

$3,192,848.56

3601

12/31/17

5,717.19

3602

12/31/17

6,394.61

3603

12/31/17

14,766.54

3604

12/31/17

15,816.16

3605

12/31/17

4,807.21

Apollo Shoes, Inc

Bank Deposit Slip

Twenty First National Bank, Account #604-17-526-5

5-Jan-18

Customer Name

Check Number

Check Amount

Pay More Shoes

16625

$526,004.85

Nuke Me

16949

$35,028.59

Shoe Shack

17309

$730,588.25

Trenchfoot

18544

$85,534.25

Imelda's Closet

11618

$96,452.11

Eight East

18369

$45,258.22

Feet Lamour

15299

$385,241.02

Neutralizer

18608

$3,053,144.23

Bad Boy Shoes

12818

$400,253.31

Wild Hair Shoes

12085

$252,769.26

Big Bob's Shoe Store

14819

$399,011.82

Total Deposit

$6,009,285.91

Apollo Shoes, Inc

Bank Deposit Slip

Twenty First National Bank, Account #604-17-526-5

13-Jan-18

Customer Name

Check Number

Check Amount

Run For Your Life Shoes

13289

$2,165,500.55

Hip Hop Shoes

14675

$695,542.21

International Soccer Federation

10531

$1,222,359.56

Walk About

13695

$932,653.33

Doug's Shoes

17097

$2,648.75

Custom Shoes

14659

$5,996.13

Blue Bird Shoes

11500

$11,844.63

Pump It Up Shoes

11186

$3,375.54

Hop Scotch Shoes

15820

$895,606.23

Sassy Shoes

19785

$5,765,081.85

Evil Spirit Shoes

15759

$86,450.60

Action Foot Shoes

10716

$793,544.22

Paul Bunion Footware

19851

$10,458,847.58

Shack's Shoe Shine

523

$3,000.00

Lock-Up Shoe Store

16514

$104,503.36

Total Deposit

$23,146,954.54

Date: 19 JAN 2018 15:37:42 +0000 From: "Darlene Wardlaw" Subject: Audit of Cash We received the bank confirmation and bank cutoff statement this morning from Apollo's primary bank. I left both documents in your mailbox at the office. I would prefer that you audit cash rather than Timothy (let him stick to vouching documents to keep him out of trouble). A couple of points: 1. Don't forget to trace from the cutoff bank statement to the outstanding check list to make sure that the listing is complete and accurate. 2. There was an adjustment made at the end of the year to other income that looks odd. If I remember correctly, there was a transaction in investments for the same amount. You may want to take a closer look. 3. The last check written in December was check number 3621. They use duplicate checks so I was able to look at the carbons when I was out at Apollo on Saturday. Talk to you soon. DW STANDARD FORM TO CONFIRM ACCOUNT BALANCE INFORMATION WITH FINANCIAL INSTITUTIONS Apollo Shoes, Inc CUSTOMER NAME FINANCIAL INSTITUTION'S NAME AND ADDRESS so 2/3/2012 Twenty Fire National Bank Post Office Box Show, ME 1. At the close of business on the date listed above, our records indicated the following deposit balance(s): ACCOUNT NAME ACCOUNT NO INTEREST RATE BALANCE 3.309,192.03 3.645.599.15 2. We were directly liable to the financial institution for loans at the close of business on the date listed above as follows: DATE THROUGH ACCOUNT NO DESCRIPTION BALANCE DATE DUE INTEREST WHICH INTEREST DESCRIPTION OF RATE ESPAID COLLATERAL 12,000,0001/2018 1.19% 11/30/2017 Inventory 44.403,000 2015 revolving.16% 11/30/2017 E.P Unum 1/9/2018 (Customer's Authorized Signature (Date) The information presented above by the customer is in agreement with our records. Although we have not conducted a comprehensive, detailed search of our records, no other deposit or loan accounts have come to our attention except as noted below. I.M. Rich 1/13/2018 (Financial Institution Authorized Signature) (Date) EXCEPTION AND OR CORRENT No exceptions noted. deren, d. and Matershed, LLC and Financial Avenge Foton E 0002 Ordinarily balances are intentionally left blank if they are not available at the proporc. 2015 revolving..16% 11/30/2017 Inventory E.P Unum 1/9/2018 (Customer's Authorized Signature (Date) The information presented above by the customer is in agreement with our records. Although we have not conducted a comprehensive, detailed search of our records, no other deposit or loan accounts have come to our attention except as noted below. I.M. Rich 1/13/2018 (Financial Institution Authorized Signature) (Date) PERCEPTIONS AND CR CORRENTE No exceptions noted. Financial Avenue Ordinarily, balances are intentionally left blank if they are not available at the time this form is prepared. Approved 1990 by American Bankers Association, American Institute of Certified Public Accounts, and Bank Administration Institute. Additional forms available from: AICPA - Order Department, P.O. Box 1003 NY, NY 10108- 1003 Account 604-17-525-5 Page 1 of 2 Apolo Shoes, Inc 100 Show Sheetown, ME 00001 *-* Your Checking Account 1-1-2018 THRU 1-15-2018 Your Previous Balance Additions 3.09.192.00 3 Deposite 2 Transfers from other accounts 11.500.000,00 55 Checks 12.0310411 3 Transfers to other accounts 20.5.0.20 3.009.841.62 Deduction Your Cument Balance CYC MC 1 FREO MOOOO Deposits and Other Add Account 604-17-526-5 Page 1 of 2 Apollo Shoes, Inc 100 Shoe Plaza Shoelown, ME 00001 ...Your Checking Account 1-1-2018 THRU 1-15-2018 Your Previous Balance Additions 3,309,192.03 3 Deposits 29.597,022.90 2 Transfers from other accounts 11,500,000.00 55 Checks 12,031.004.11 3 Transfers to other accounts 29,366,369.20 3.009 841.62 Deductions Your Current Balance CYC FREQ M0000 Deposits and Other Additions Date Amount Date Amount 1/3/18 440.782.45 1/5/18 6,009.285.91 1/13/18 22,146.954.54 Checks and Other Withdrawals Check Date 3586 1/3/18 3587 1/3/18 3582 1/3/18 3591 1/4/18 3598 1/4/18 3597 1/5/18 3599 1/5/18 3602 1/5/18 3615 1/5/18 3612 1/5/18 3593 1/6/18 3610 1/8/18 3617 1/6/18 36191/6/18 35851/6/18 3589 1/6/18 Amount Check Dete Amount 8.533.12 3590 17/18 10.587.77 4,741.30 3503 17/18 14.766.56 330.375.80 3804 17/18 15.816.16 7.566.07 3506 17/18 2.794.07 16.472.00 3583 1/10/18 9.605 37 15.746.44 35841/10/18 823 27 12.610.96 3588 1/10/18 14.122.85 6,394 61 35921/10/18 5,684.08 12,904.00 35941/10/18 12.741.49 4.194.79 35951/10/18 988.55 18.421.90 3601 1/10/18 5.717.19 5.929.87 38051/10/18 4.807 21 1.073.73 38071/10/18 2.667.00532 7.841.27 38081/10/18 9.515.15 7,960.15 309 110/18 1.501.40 6.707.05 36131/10/18 17.205.98 467.473.06 2,793,684.40 Acc ount Filter 17-526-5 Page 2 of 2 Checks and Other Withdrawals Check Date Amount Check Date Amount 36211/10/2018 11,137.19 3627 1/13/2018 6,891 .16 3596 1/12/2018 10,014.94 3628 1/13/2018 6,025 .43 3600 1/12/2018 200,000.00 36291/13/2018 927. 09 3611 1/12/2018 1,266,85 3633 1/13/2018 6,924 96 3616 1/12/2018 9.338.02 3635 1/13/2018 5.174. 00 3614 1/12/2018 14,366.46 3636 1/13/2018 5852 8 3618 1/12/2018 13,377.14 3624 1/14/2018 6.868 .12 3620 1/12/2018 2,566.30 3630 1/14/2018 8.419. 69 3622 1/13/2018 6,683.93 3631 1/14/2018 8.434, 889.09 3623 1/13/2018 2.937.13 3632 1/14/2018 1.117 19 3625 1/13/2018 124.81 3634 1/14/2018 4,994.99 3626 1/13/2018 15,216.88 Transfers to Other Accounts Date Amount Account 1/7/2018 6,300,000.00 604-03-739-8 1/13/2018 22,500,000.00 604-03-739-8 1/14/2018 565,369.20 604-29-016-3 Transfers from Other Accounts Date Amount Account 1/10/2018 3,500,000.00 604-03-739-8 1/14/2018 8,000,000.00 604-03-739-8 1/14/2018 565,369.20 604-29-016-3 Transfers from Other Accounts Date Amount Account 1/10/2018 3,500,000.00 604-03-739-8 1/14/2018 8,000,000.00 604-03-739-8 Date: 10 JAN 2018 13:02:47 +0000 From: "Karina Ramirez" Subject: PBC Schedules We've completed the schedules that we agreed to prepare in our audit planning meeting. I've left them on your worktable in the conference room. According to your instructions, we've marked them PBC for "Prepared by Client." I've attached copies to this e-mail as well as posted them to your firm's intranet site as you directed. Let us know if you have any questions. I've also left some other documents that you requested last Friday, specifically copies of two bank deposit slips from early January that you requested for your accounts receivable work. Karina Karina Ramirez Director, Internal Audit Apollo Shoes, Inc. Apollo Shoes, Inc. Cash Lead Schedule For Year Ended 12/31/2017 Prepared by ved by PBC (Audi Balance 12/31/16 Unaudited Balance 1201/17 Acct Account Title 10100 Cash on Hand Director, Internal Audit Apollo Shoes, Inc. Apollo Shoes, Inc. Cash Lead Schedule For Year Ended 12/31/2017 PSC Audited nude Balance Acete Account Title 1299 12017 10100 Cash on Hand $1.98728 52.27523 10200 Regular Checking $18.916.52 5587.32582 10300 Payroll Checking 10400 Savings 2013 $3.50.15 $3.225.01.89 $200.00022 Apollo Shoes Bank Reconciliation 12/31/17 General Account Unadjusted book balance Bank Adjustment 226.750.12 Amount to Balance Adjustment to balance posted to 330.375. Cash and Controller's Clearing Account 557,125.92 Adjusted book balance Balance per bank statement 3.109.192.03 Add Deposits in transit 40,7824 Deduct / Checks Adjustment to Balance Adjusted bank balance 557,125.92 Payroll Account Unadjusted book balance Bank adjustments Adjusted book balance Balance per bank statement Add Deposits in transit Deduct o/8 Checks 598,341.59 -598,341.59 Adjusted bank balance Apollo Shoes, Inc Outstanding Checks 31-Dec-17 PBC Check! Dale Amount Check! Dute 3583 12/31/17 9.606.378061231/17 2.7. 3584123117 823 27 30123177 2.667,006,32 35851231/17 7.900.15 08121/17 3586 1231/17 8.533.1258091201/17 1.50140 3567 121/17 11.30 10120117 35881291/17 14.122.5 3611120117 35801231/17 6.70705 12 2011 3500 12/31/17 10.581.77 301312/31/17 17.205.58 35011231/177.50 3814 12/31/17 14.366.46 3582 12/31/17 5.664.00 38152017 12.04.00 3583 1231/17 18.421.50 3516129117 35961231/17 12.74149 2017 2017 1973.73 3586 121/17 98.5 18 2017 3.3774 3506 12/31/17 10:0549 1921 712 3507 123/17 15.766.44 2012/17 3568 123/17 16.472.00321129117 3500 1231/17 12.690.96 3800 123/17200,000.00 TOTAL 53.132.84858 30011231/17 5.717.19 302 12/31/17 6,3461 38001231/17 14.76654 36041281/17 15.816.16 3061231117430721 Bank Deposit Slip Twenty Fire Nail Bank Account - 19.6365 Customer Pay More Shoes Nuke Me S536.000 Trachfoot Imelders Closet 1856 5333433 18.252.11 Feet Bad Boy Shoes WIM Hair Shoes Big Bob's Shoe Store Total Deposit Baskes Slip Twenty Fire Naal Bank Account 0-19-5365 Customer Name Run For Your Life Shoes Hip Hop Shoes International Ser Foderation Walk About Dog's Shoes Blue Bird Shoes Pump It Up Shoes Hop Scotch Shoes 1150063 1076 35432 Evil Spirit Shoes Action Foot Shoes Poul Bunin For Shack's Shoe Shine Lack-Up Shoe Total Dent 53.197.545.56 3500 12/31/17 200,000.00 TOTAL 3601 12/31/17 5.717.19 3602 12/31/17 6,394.61 3603 12/31/17 14,766.54 3604 12/31/17 15.816.16 3605 12/31/17 4,807.21 Apollo Shoes, Inc Bank Deposit Slip Twenty First National Bank, Account 1604-17-526-5 5-Jan-18 Customer Name Check Number Check Amount Pay More Shoes 16625 S526,00485 Nuke Me 16949 $35,028 59 Shoe Shack 17309 $730.588.25 Trenchfoot 18544 585534 25 Imelda's Closet 11618 S96.45211 Eight East 18369 $45.258 22 Feet Lamour 15199 $385.241.02 Neutralizer 18608 3,053,144.23 Bad Boy Shoes 12818 S400_25331 Wild Hair Shoes 12085 5252,76926 Big Bob's Shoe Store 14819 $399.011.82 Total Deposit $6,009.285.91 Apollo Shoes, Inc Bank Deposit Slip Twenty First National Bank, Account #60-17-526-5 13-Jan-18 Customer Name Run For Your Life Shoes Hip Hop Shoes International Soccer Federation Walk About Doug's Shoes Custom Shoes Blue Bird Shoes Pump It Up Shoes Hop Scotch Shoes Sassy Shoes Evil Spirit Shoes Action Foot Shoes Paul Bunion Footware Shack's Shoe Shine Lock-Up Shoe Store Total Deposit Check Number Check Amount 13289 $2,165,500.55 14675 $695 342.21 10531 S1.222.359 36 13695 5932,653.33 17097 $2,648.75 14659 $5.996.13 11500 SI1.84163 11186 53.375 54 15820 5895.606 23 19785 55,765,081.85 15759 $86,450.60 10716 $793.544.22 19851 S10.458.84758 523 $3.000,00 16514 $104 503 36 $23.146.954.54 Apollo_Shoes_Case_7e-2.doc - Compatibility Mode - Saved to this PC- Search ert Design Layout References Mailings Review View Help Times New Rom - 28 A A Aa 21 AaBbc AaBt AaBbce Char Char Char BIU XX A A Font Paragraph Date: 19 JAN 2018 15:37:42 +0000 From: "Darlene Wardlay" Subject: PBC Schedules We've completed the schedules that we agreed to prepare in our audit planning meeting. Lys left them on your worktable in the conference room. According to your instructions, we've marked them PBC for "Prepared by Client." Thys at copies to this e-mail as well as posted them to your firn's intranet site as you directed. Let us know if you have any questions. I've also left some other documents that you requested last Friday, specifically copies of two bank deposit slips from early January that you requested for your accounts receivable work. Karina Karina Ramirez Director, Internal Audit Apollo Shoes, Inc. Copyright 2017 McGraw-Hill Education. All rights reserved. No reproduction or distribution without Design Layout References Mailings Review View Help nes New Rom - 28 Aa A 211 AaBbc AaBt AaBbcc) IV X. A A Char Char Char Font Paragraph B-1 Apollo Shoes, Inc. Cash Lead Schedule For Year Ended 12/31/2017 Prepared by Reviewed by PBC (Audited) Balance 12/31/16 $1,987.28 Unaudited Balance 12/31/17 $2,275 23 Acct Account Title 10100 Cash on Hand 10200 Regular Checking $198,116.52 $557,125.92 10300 Payrol Checking $0.00 $0.00 10400 Savings $3,044,958.13 $3,645,599.15 $3,245,061.93 $4,205,000 30 Char Char Re Char Char Char 1 Caption 1 Normal Title Subtitle Se Styles 5 Edit Apollo Shoes Bank Reconciliation 12/31/17 General Account Unadjusted book balance Bank Adjustments Amount to Balance Adjusted book balance 226, 750.12 0 330, 375.80 "Adjustment to 557,125.92 bland posted to Controller's Clusing Account Balance per bank statement Add Deposits in transit Deduct 0/3 Checks Adjustment to Balance Adjusted bank balance 3,309,192.03 440,782.45 -3, 192,848.56 557,125.92 Payroll Account Unadjusted book balance Bank adjustments 0 0 O Adjusted book balance Balance per bank statement Add Deposits in transit Deduct 0/3 Checks 0 598,341.59 -598, 341.59 O Adjusted bank balance DE Focus Dashboard - Googl... Chap 6 analysis OL- Petroware (Gatewa... ADDL Aalbo Char Char ab X X LA Char Font Paragraph Apollo Shoes, Inc Outstanding Checks 31-Dec-17 PBC Check 3583 3584 3585 3586 3587 3588 3589 3590 3591 3592 3593 3594 3595 3596 3597 3598 3599 Date 12/31/17 12/31/17 12/31/17 12/31/17 12/31/17 12/31/17 12/31/17 12/31/17 12/31/17 12/31/17 12/31/17 12/31/17 12/31/17 12/31/17 12/31/17 12/31/17 12/31/17 12/31/17 12/31/17 12/31/17 12/31/17 12/31/17 12/31/17 Amount 9,606.37 823.27 7,960.15 8,533.12 4,741.30 14.122.85 6,707.05 10,587.77 7,566.07 5,684.08 18,421.90 12,741.49 988.55 10,014.94 15,746.44 16,472.00 12,610.96 200,000.00 5,717 19 6,394.61 14,766.54 15,816.16 4,807 21 Check 3606 3607 3608 3609 3610 3611 3612 3613 3614 3615 3616 3617 3618 3619 3620 3621 Date 12/31/17 12/31/17 12/31/17 12/31/17 12/31/17 12/31/17 12/31/17 12/31/17 12/31/17 12/31/17 12/31/17 12/31/17 12/31/17 12/31/17 12/31/17 12/31/17 Amount 2,794.07 2,667,006,32 9,515.15 1.501.40 5,929.87 1,266.85 4,194.79 17,205.98 14,366.46 12,904.00 9,338.02 1,073.73 13,377.14 7,841.27 2,566.30 11.137 19 3600 TOTAL $3.192.848.56 3601 3602 3603 3604 3605 Char Char Char Char Char 1 Caption 11 Normal Title Subtitle Styles Apollo Shoes, Inc Bank Deposit Slip Twenty First National Bank, Account #604-17-526-5 5-Jan-18 Customer Name Pay More Shoes Nuke Me Shoe Shack Trenchfoot Imelda's Closet Eight East Feet Lamour Neutralizer Bad Boy Shoes Wild Hair Shoes Big Bob's Shoe Store Total Deposit Check Number 16625 16949 17309 18544 11618 18369 15299 18608 12818 12085 14819 Check Amount $526,004.85 $35,028.59 $730,588.25 $85,534.25 $96,452.11 $45,258.22 $385,241.02 $3,053,144.23 $400,253.31 $252,769.26 $399.01182 $5.009.285.91 Apollo Shoes, Inc Bank Deposit Slip Twenty First National Bank, Account #604-17-526-5 13-Jan-18 Customer Name Run For Your Life Shoes Hip Hop Shoes International Soccer Federation Walk About Doug's Shoes Custom Shoes Blue Bird Shoes Pump It Up Shoes Hop Scotch Shoes Sassy Shoes Evil Spirit Shoes Action Foot Shoes Paul Bunion Footware Shack's Shoe Shine Lock-Up Shoe Store Total Deposit Check Number 13289 14675 10531 13695 17097 14659 11500 11186 15820 19785 15759 10716 19851 523 16514 Check Amount $2,165,500.55 $695,542.21 $1,222,359.56 $932,653.33 $2,648.75 $5,996.13 $11,844,63 $3,375.54 $895,606.23 $5,765,081.85 $86,450.60 $793,544.22 $10,458,847.58 $3,000.00 $104.503.36 $23. 146.954.54 D Focus Date: 19 JAN 2018 15:37:42 +0000 From: "Darlene Wardlaw" Subject: Audit of Cash We received the bank confirmation and bank cutoff statement this morning from Apollo's primary bank. I left both documents in your mailbox at the office. I would prefer that you audit cash rather than Timothy (let him stick to vouching documents to keep him out of trouble). A couple of points 1. Don't forget to trace from the cutoff bank statement to the outstanding check list to make sure that the listing is complete and accurate. 2. There was an adjustment made at the end of the year to other income that looks odd. IfI remember correctly, there was a transaction in investments for the same amount. You may want to take a closer look. 3. The last check written in December was check number 3621. They use duplicate checks so I was able to look at the carbons when I was out at Apollo on Saturday. Talk to you soon. DW Date: 19 JAN 2018 15:37:42 +0000 From: "Darlene Wardlaw" Subject: Audit of Cash We received the bank confirmation and bank cutoff statement this morning from Apollo's primary bank. I left both documents in your mailbox at the office. I would prefer that you audit cash rather than Timothy (let him stick to vouching documents to keep him out of trouble). A couple of points: 1. Don't forget to trace from the cutoff bank statement to the outstanding check list to make sure that the listing is complete and accurate. 2. There was an adjustment made at the end of the year to other income that looks odd. If I remember correctly, there was a transaction in investments for the same amount. You may want to take a closer look. 3. The last check written in December was check number 3621. They use duplicate checks so I was able to look at the carbons when I was out at Apollo on Saturday. Talk to you soon. DW STANDARD FORM TO CONFIRM ACCOUNT BALANCE INFORMATION WITH FINANCIAL INSTITUTIONS Apollo Shoes, Inc CUSTOMER NAME FINANCIAL INSTITUTION'S NAME AND ADDRESS so 2/3/2012 Twenty Fire National Bank Post Office Box Show, ME 1. At the close of business on the date listed above, our records indicated the following deposit balance(s): ACCOUNT NAME ACCOUNT NO INTEREST RATE BALANCE 3.309,192.03 3.645.599.15 2. We were directly liable to the financial institution for loans at the close of business on the date listed above as follows: DATE THROUGH ACCOUNT NO DESCRIPTION BALANCE DATE DUE INTEREST WHICH INTEREST DESCRIPTION OF RATE ESPAID COLLATERAL 12,000,0001/2018 1.19% 11/30/2017 Inventory 44.403,000 2015 revolving.16% 11/30/2017 E.P Unum 1/9/2018 (Customer's Authorized Signature (Date) The information presented above by the customer is in agreement with our records. Although we have not conducted a comprehensive, detailed search of our records, no other deposit or loan accounts have come to our attention except as noted below. I.M. Rich 1/13/2018 (Financial Institution Authorized Signature) (Date) EXCEPTION AND OR CORRENT No exceptions noted. deren, d. and Matershed, LLC and Financial Avenge Foton E 0002 Ordinarily balances are intentionally left blank if they are not available at the proporc. 2015 revolving..16% 11/30/2017 Inventory E.P Unum 1/9/2018 (Customer's Authorized Signature (Date) The information presented above by the customer is in agreement with our records. Although we have not conducted a comprehensive, detailed search of our records, no other deposit or loan accounts have come to our attention except as noted below. I.M. Rich 1/13/2018 (Financial Institution Authorized Signature) (Date) PERCEPTIONS AND CR CORRENTE No exceptions noted. Financial Avenue Ordinarily, balances are intentionally left blank if they are not available at the time this form is prepared. Approved 1990 by American Bankers Association, American Institute of Certified Public Accounts, and Bank Administration Institute. Additional forms available from: AICPA - Order Department, P.O. Box 1003 NY, NY 10108- 1003 Account 604-17-525-5 Page 1 of 2 Apolo Shoes, Inc 100 Show Sheetown, ME 00001 *-* Your Checking Account 1-1-2018 THRU 1-15-2018 Your Previous Balance Additions 3.09.192.00 3 Deposite 2 Transfers from other accounts 11.500.000,00 55 Checks 12.0310411 3 Transfers to other accounts 20.5.0.20 3.009.841.62 Deduction Your Cument Balance CYC MC 1 FREO MOOOO Deposits and Other Add Account 604-17-526-5 Page 1 of 2 Apollo Shoes, Inc 100 Shoe Plaza Shoelown, ME 00001 ...Your Checking Account 1-1-2018 THRU 1-15-2018 Your Previous Balance Additions 3,309,192.03 3 Deposits 29.597,022.90 2 Transfers from other accounts 11,500,000.00 55 Checks 12,031.004.11 3 Transfers to other accounts 29,366,369.20 3.009 841.62 Deductions Your Current Balance CYC FREQ M0000 Deposits and Other Additions Date Amount Date Amount 1/3/18 440.782.45 1/5/18 6,009.285.91 1/13/18 22,146.954.54 Checks and Other Withdrawals Check Date 3586 1/3/18 3587 1/3/18 3582 1/3/18 3591 1/4/18 3598 1/4/18 3597 1/5/18 3599 1/5/18 3602 1/5/18 3615 1/5/18 3612 1/5/18 3593 1/6/18 3610 1/8/18 3617 1/6/18 36191/6/18 35851/6/18 3589 1/6/18 Amount Check Dete Amount 8.533.12 3590 17/18 10.587.77 4,741.30 3503 17/18 14.766.56 330.375.80 3804 17/18 15.816.16 7.566.07 3506 17/18 2.794.07 16.472.00 3583 1/10/18 9.605 37 15.746.44 35841/10/18 823 27 12.610.96 3588 1/10/18 14.122.85 6,394 61 35921/10/18 5,684.08 12,904.00 35941/10/18 12.741.49 4.194.79 35951/10/18 988.55 18.421.90 3601 1/10/18 5.717.19 5.929.87 38051/10/18 4.807 21 1.073.73 38071/10/18 2.667.00532 7.841.27 38081/10/18 9.515.15 7,960.15 309 110/18 1.501.40 6.707.05 36131/10/18 17.205.98 467.473.06 2,793,684.40 Acc ount Filter 17-526-5 Page 2 of 2 Checks and Other Withdrawals Check Date Amount Check Date Amount 36211/10/2018 11,137.19 3627 1/13/2018 6,891 .16 3596 1/12/2018 10,014.94 3628 1/13/2018 6,025 .43 3600 1/12/2018 200,000.00 36291/13/2018 927. 09 3611 1/12/2018 1,266,85 3633 1/13/2018 6,924 96 3616 1/12/2018 9.338.02 3635 1/13/2018 5.174. 00 3614 1/12/2018 14,366.46 3636 1/13/2018 5852 8 3618 1/12/2018 13,377.14 3624 1/14/2018 6.868 .12 3620 1/12/2018 2,566.30 3630 1/14/2018 8.419. 69 3622 1/13/2018 6,683.93 3631 1/14/2018 8.434, 889.09 3623 1/13/2018 2.937.13 3632 1/14/2018 1.117 19 3625 1/13/2018 124.81 3634 1/14/2018 4,994.99 3626 1/13/2018 15,216.88 Transfers to Other Accounts Date Amount Account 1/7/2018 6,300,000.00 604-03-739-8 1/13/2018 22,500,000.00 604-03-739-8 1/14/2018 565,369.20 604-29-016-3 Transfers from Other Accounts Date Amount Account 1/10/2018 3,500,000.00 604-03-739-8 1/14/2018 8,000,000.00 604-03-739-8 1/14/2018 565,369.20 604-29-016-3 Transfers from Other Accounts Date Amount Account 1/10/2018 3,500,000.00 604-03-739-8 1/14/2018 8,000,000.00 604-03-739-8 Date: 10 JAN 2018 13:02:47 +0000 From: "Karina Ramirez" Subject: PBC Schedules We've completed the schedules that we agreed to prepare in our audit planning meeting. I've left them on your worktable in the conference room. According to your instructions, we've marked them PBC for "Prepared by Client." I've attached copies to this e-mail as well as posted them to your firm's intranet site as you directed. Let us know if you have any questions. I've also left some other documents that you requested last Friday, specifically copies of two bank deposit slips from early January that you requested for your accounts receivable work. Karina Karina Ramirez Director, Internal Audit Apollo Shoes, Inc. Apollo Shoes, Inc. Cash Lead Schedule For Year Ended 12/31/2017 Prepared by ved by PBC (Audi Balance 12/31/16 Unaudited Balance 1201/17 Acct Account Title 10100 Cash on Hand Director, Internal Audit Apollo Shoes, Inc. Apollo Shoes, Inc. Cash Lead Schedule For Year Ended 12/31/2017 PSC Audited nude Balance Acete Account Title 1299 12017 10100 Cash on Hand $1.98728 52.27523 10200 Regular Checking $18.916.52 5587.32582 10300 Payroll Checking 10400 Savings 2013 $3.50.15 $3.225.01.89 $200.00022 Apollo Shoes Bank Reconciliation 12/31/17 General Account Unadjusted book balance Bank Adjustment 226.750.12 Amount to Balance Adjustment to balance posted to 330.375. Cash and Controller's Clearing Account 557,125.92 Adjusted book balance Balance per bank statement 3.109.192.03 Add Deposits in transit 40,7824 Deduct / Checks Adjustment to Balance Adjusted bank balance 557,125.92 Payroll Account Unadjusted book balance Bank adjustments Adjusted book balance Balance per bank statement Add Deposits in transit Deduct o/8 Checks 598,341.59 -598,341.59 Adjusted bank balance Apollo Shoes, Inc Outstanding Checks 31-Dec-17 PBC Check! Dale Amount Check! Dute 3583 12/31/17 9.606.378061231/17 2.7. 3584123117 823 27 30123177 2.667,006,32 35851231/17 7.900.15 08121/17 3586 1231/17 8.533.1258091201/17 1.50140 3567 121/17 11.30 10120117 35881291/17 14.122.5 3611120117 35801231/17 6.70705 12 2011 3500 12/31/17 10.581.77 301312/31/17 17.205.58 35011231/177.50 3814 12/31/17 14.366.46 3582 12/31/17 5.664.00 38152017 12.04.00 3583 1231/17 18.421.50 3516129117 35961231/17 12.74149 2017 2017 1973.73 3586 121/17 98.5 18 2017 3.3774 3506 12/31/17 10:0549 1921 712 3507 123/17 15.766.44 2012/17 3568 123/17 16.472.00321129117 3500 1231/17 12.690.96 3800 123/17200,000.00 TOTAL 53.132.84858 30011231/17 5.717.19 302 12/31/17 6,3461 38001231/17 14.76654 36041281/17 15.816.16 3061231117430721 Bank Deposit Slip Twenty Fire Nail Bank Account - 19.6365 Customer Pay More Shoes Nuke Me S536.000 Trachfoot Imelders Closet 1856 5333433 18.252.11 Feet Bad Boy Shoes WIM Hair Shoes Big Bob's Shoe Store Total Deposit Baskes Slip Twenty Fire Naal Bank Account 0-19-5365 Customer Name Run For Your Life Shoes Hip Hop Shoes International Ser Foderation Walk About Dog's Shoes Blue Bird Shoes Pump It Up Shoes Hop Scotch Shoes 1150063 1076 35432 Evil Spirit Shoes Action Foot Shoes Poul Bunin For Shack's Shoe Shine Lack-Up Shoe Total Dent 53.197.545.56 3500 12/31/17 200,000.00 TOTAL 3601 12/31/17 5.717.19 3602 12/31/17 6,394.61 3603 12/31/17 14,766.54 3604 12/31/17 15.816.16 3605 12/31/17 4,807.21 Apollo Shoes, Inc Bank Deposit Slip Twenty First National Bank, Account 1604-17-526-5 5-Jan-18 Customer Name Check Number Check Amount Pay More Shoes 16625 S526,00485 Nuke Me 16949 $35,028 59 Shoe Shack 17309 $730.588.25 Trenchfoot 18544 585534 25 Imelda's Closet 11618 S96.45211 Eight East 18369 $45.258 22 Feet Lamour 15199 $385.241.02 Neutralizer 18608 3,053,144.23 Bad Boy Shoes 12818 S400_25331 Wild Hair Shoes 12085 5252,76926 Big Bob's Shoe Store 14819 $399.011.82 Total Deposit $6,009.285.91 Apollo Shoes, Inc Bank Deposit Slip Twenty First National Bank, Account #60-17-526-5 13-Jan-18 Customer Name Run For Your Life Shoes Hip Hop Shoes International Soccer Federation Walk About Doug's Shoes Custom Shoes Blue Bird Shoes Pump It Up Shoes Hop Scotch Shoes Sassy Shoes Evil Spirit Shoes Action Foot Shoes Paul Bunion Footware Shack's Shoe Shine Lock-Up Shoe Store Total Deposit Check Number Check Amount 13289 $2,165,500.55 14675 $695 342.21 10531 S1.222.359 36 13695 5932,653.33 17097 $2,648.75 14659 $5.996.13 11500 SI1.84163 11186 53.375 54 15820 5895.606 23 19785 55,765,081.85 15759 $86,450.60 10716 $793.544.22 19851 S10.458.84758 523 $3.000,00 16514 $104 503 36 $23.146.954.54 Apollo_Shoes_Case_7e-2.doc - Compatibility Mode - Saved to this PC- Search ert Design Layout References Mailings Review View Help Times New Rom - 28 A A Aa 21 AaBbc AaBt AaBbce Char Char Char BIU XX A A Font Paragraph Date: 19 JAN 2018 15:37:42 +0000 From: "Darlene Wardlay"