List of Audit Procedures Items 1 - 6 represent the items that the auditor ordinarily would find on a client-prepared bank reconciliation. The list of audit procedures items A - J represent substantive auditing procedures. For each item 1 -6 select one or more procedures as indicated, that the auditor most likely would perform to gather evidence in support of that item. The procedure on the list may be used once, more than once or not at all. Assume (1) The client prepared the bank rec on 1/2/20. (2) There are no math errors in the bank rec. (3) The auditor received a cutoff statement dated 1/7/20 directly from the bank on 1/11/20. (4) The 12/30 deposit in transit, outstanding checks #1281, #1285, #1289 and #1292 and the correction of the error regarding check # 1282 appear on the cutoff bank statement. Trace to Cash Receipts Journal Inspect bank debit memo Trace to Cash Disbursement Journal G. Ascertain reason for unusual delay Compare to 12/31/09 general ledger H. Inspect supporting documents for item not D. Confirm Directly with Bank appearing on cutoff statement E. Inspect Bank Credit Memo Trace item on bank rec to cutoff statement Trace items on the cutoff statement to bank rec Note: The number of wrong responses will be netted against the correct responses. Lila & Magdalena Corporation Bank Reconciliation December 31, 2019 Select 2 Procedures Balance per bank $28, 375 (1) (2) Select 5 Procedures (1) Balance per bank 2) Deposits in Transit 3) Outstanding checks (4) Customer note collected by bank (5) Error: Check # 1282 written on 12/26/09 6) Balance per book Deposits in Transit 12/29/19 12/30/19 $4,500 1,525 6,025 $34,400 (3) Select 5 procedures Outstanding checks Check No. # 988 8/31/19 2.200 # 1281 12/26/19675 #1285 1227/19 850 # 1289 12/29/192,500 #1292 12/30/19 7.225 (13.340) $20.950 _13,000) (4) (5) Select 1 Procedure Select 2 Procedures Customer note collected by bank Error: Check # 1282 written on 12/26/19 For $270 was erroneously charged by bank for $720. Bank was notified 1/2/2020 Balance per book 6 Select 1 Procedure 450 $18.400