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In establishing a strong internal control system at Banks Company, management is concerned with administrative controls. Administrative controls include: A. performance evaluation. B. accuracy of

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In establishing a strong internal control system at Banks Company, management is concerned with administrative controls. Administrative controls include: A. performance evaluation. B. accuracy of the recording procedures. C. keeping cash in a safe. D. maintenance of accurate inventory records. Which internal control procedure addresses the idea that the likelihood of employee fraud or then is reduced if collusion is retired to accomplish it? A. Separation of duties. B. Physical controls. C. Fidelity bonding. D. Use of renumbered documents. The April 30, 2016 bank statement for Trimble Corporation shows an ending balance of $34.351. The unadjusted cash account balance was $28, 250. The accountant for Trimble gathered the following information: There was a deposit in transit for $4, 240 The bank statement reports a service charge of $39 A credit memo included in the hank statement shows interest earned of $95 Outstanding checks totaled $10, 935 The bank statement included a $650 NSF check deposited in April What is the true cash balance as of April 30, 2016? A. $27, 656 B. $27,006 C. $31, 801 D. $31, 896 Owen Company's unadjusted book balance at June 30, 2016 is $9, 700. The company's bank statement reveals bank service charges of $45. Two credit memos are included in the bank statement one for $900, which represents a collection that the bank made for Owen, and one for $50, which represents the amount of interest that Ow end had earned on its interest-bearing account in June. Based on this information. Owen's true cash balance is: A. $9, 700. B. $10.695. C. $10, 550. D. $10, 605. Duke Company's unadjusted bank balance at March 31, 2016 is $2, 300. The bank reconciliation revealed outstanding checks amounting lo S500 and deposits in transit of $400. Based on this information. Duke's true cash balance is: A. $2, 200. B. $2,000. C. $2, 700. D $2, 400

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