In the audit of the Deep Forest Transport Company, a large branch that maintains its own bank account, cash is periodically transferred to the central account in Sioux City. On the branch account's records, bank transfers are recorded as a debit to the home office clearing account and a credit to the branch bank account. Similarly, the home office account * More Info George Heintz is the head bookkeeper for both the home office and the branch bank accounts. Because he also reconciles the bank account, the senior auditor, Camille Messina, is concerned about the internal control deficiency. As a part of the year-end audit of bank transfers, Messina asks you to schedule the transfers for the last few days in 2019 and the first few days of 2020. "No Data Table Amount of transfer 25,000 31,000 17,000 22,000 38,000 36,000 10,000 Date Recorded in the Home Office Cash Receipts Journal 12-27-19 01-02-20 12-26-19 12-28-19 01-02-20 01-07-20 Date Recorded in the Branch Office Cash Disbursements Journal 12-29-19 12-30-19 12-26-19 01-02-20 01-02-20 01-05-20 01-06-20 Date Deposited in Date Cleared the Home Office the Branch Bank Account Bank Account 12-26-19 12-27-19 12-28-19 12-29-19 12-28-19 01-03-20 12-28-19 12-29-19 12-28-19 12-31-19 12-28-19 01-03-20 01-03-20 01-05-20 01-04-20 Requirements a. In verifying each bank transfer, state the appropriate audit procedures you should perform b. Prepare any adjusting entries required in the home office records. c. Prepare any adjusting entries required in the branch bank records. d. State how each bank transfer should be included in the December 31, 2019, bank reconciliation for the home office account after your adjustments in part State how each bank transfer should be included in the December 31, 2019, bank reconciliation of the branch bank account after your adjustments in part Print Done In the audit of the Deep Forest Transport Company, a large branch that maintains its own bank account, cash is periodically transferred to the central account in Sioux City. On the branch account's records, bank transfers are recorded as a debit to the home office clearing account and a credit to the branch bank account. Similarly, the home office account is recorded as a debit to the central bank account and a credit to the branch office clearing account. i More Info George Heintz is the head bookkeeper for both the home office and the branch bank accounts. Because he also reconciles the bank account, the senior auditor, Camille Messina, is concerned about the internal control deficiency. As a part of the year-end audit of bank transfers, Messina asks you to schedule the transfers for the last few days in 2019 and the first few days of 2020. i Data Table Amount of transfer 25,000 31,000 17,000 22,000 38,000 36,000 Date Recorded in the Home Office Cash Receipts Journal 12-27-19 01-02-20 12-26-19 12-28-19 01-02-20 01-07-20 01-04-20 Date Recorded in the Branch Office Cash Disbursements Journal 12-29-19 12-30-19 12-26-19 01-02-20 01-02-20 01-05-20 01-06-20 Date Deposited in Date Cleared the Home Office the Branch Bank Account Bank Account 12-26-19 12-27-19 12-28-19 12-29-19 12-28-19 01-03-20 12-28-19 12-29-19 12-28-19 12-31-19 12-28-19 01-03-20 01-03-20 01-05-20 10,000 * Requirements a. In verifying each bank transfer, state the appropriate audit procedures you should perform b. Prepare any adjusting entries required in the home office records. C. Prepare any adjusting entries required in the branch bank records. d. State how each bank transfer should be included in the December 31, 2019, bank reconciliation for the home office account after your adjustments in part State how each bank transfer should be included in the December 31, 2019, bank reconciliation of the branch bank account after your adjustments in part Print Done