Mastery Problem: Internal Control and Cash Murdotone, ne, You've just been redusert Murston, Inc., a retailer of supplied for arts and retainee previous accountant les positions, the controller Murdon Inc. sasked for your sexe in ingin men det for the company's January accounting records. You'll be responsible for the company's accounting inten Cash short and over The controller has completed the accounts for the cath and accounts as of January 20, but made to and an important confiance in the city. She has noted that you are the account for the cash chat and over account of January 30, u are told that the balance of the amounts on the beginning of anary, and that all the company's sa inch. Toisilly, this problemas Reviewing and word cows to come cash and over access that it Ch SYNE Scania Punya 1/5 112 1/23 230 3 32 Sales Belence 1/6 25 63 20 4400 16.10 30 B Avite preceding and the core the cash short w Twith us Cash Shart and Over Blesse 1/1 What will happen to the ending ble in the cash short and over ut at the end of the accounting period 23 Pay Cash Marcutane, Inc. led check on uruary 2b establish a party can Fund of 3500 On Sarwary 31, the amount of cash in the party cannlund is 5440. The company would liebole chuck to replenish the fund based on the following summary of putty cash receipts: to , Amount on Acco Racer Office Supplies Macelles distrative Expense The company's policy is to record any misting funds in the cash short and account Inter has prepared to the thing of the pretty cast und Date Den Debit Crede 6% Cath Prepare for your doctor with their by the correct entry for a replica of the pattycach land. It must be does not require an entry was bank The Bar Reconciliation The cow's accounting on tos predece--wycon from the statement, and is wanted because the used to counts to the the back record the nation then Hurdatone, Inc. Bank Reconcilio January 31, 2015 , Cashbacering tabanka 12,135 Add: Depok in tratandorary Debut: Outstanding Check No. 124 Outstanding Check 125 Outstanding Check. 1.20 Total de Adre 562.00 57. (1.250.00 (1.100.000 $34,314.23 Bank Recon The company's accounting intern has prepared the end-ofuruary bank reconciliation from the bank statement, and is worried because the bad balance amounts do not agres Ahur reviewing the bank recondition, scroll down for the next step in helping the intem Murdson, The $23.557.50 12.125.25 Jorary 31, 2015 Cash belonce according to banken Adata: Ade Depot in transton January 31 De Ouding Check 12 Duck Dunding Chuck No 123 Toledo Med 19,250.000 11.03.01 H3103 Cash balance according to Murdstan, Inc 551.545. date and interact collected by bank 15.300.35 De Cheveure became Konvice change (20.00) Errin recording to 123 15,000.00 132.725401 usted SHOP You the interna chack one documents, and find that most of the dollar amounts are correct, however, we dollar amounts are incorrect. Aber viewing the following table, crown for the thing the inten Correct in Corrested le Amount Cash Gosh balance according to bank statement Yes Depot intrantony Outstanding Check. 134 Yen Outstanding Chach. 125 575,00 tnawa (Mi Na, v Cashbacete Marie Check retumed brede Note Werested by bank Yes Burkarice charge Ne Hurton error in recording Check. 123 112,435.00 rather than the correctament of $21.435.00 Mersing the worst other errors by comparing here te para recorders prepared by the former, worter to compute the corrested belone Round your two decades Currecce Mastery Problem: Internal Control and Cash Murdotone, ne, You've just been redusert Murston, Inc., a retailer of supplied for arts and retainee previous accountant les positions, the controller Murdon Inc. sasked for your sexe in ingin men det for the company's January accounting records. You'll be responsible for the company's accounting inten Cash short and over The controller has completed the accounts for the cath and accounts as of January 20, but made to and an important confiance in the city. She has noted that you are the account for the cash chat and over account of January 30, u are told that the balance of the amounts on the beginning of anary, and that all the company's sa inch. Toisilly, this problemas Reviewing and word cows to come cash and over access that it Ch SYNE Scania Punya 1/5 112 1/23 230 3 32 Sales Belence 1/6 25 63 20 4400 16.10 30 B Avite preceding and the core the cash short w Twith us Cash Shart and Over Blesse 1/1 What will happen to the ending ble in the cash short and over ut at the end of the accounting period 23 Pay Cash Marcutane, Inc. led check on uruary 2b establish a party can Fund of 3500 On Sarwary 31, the amount of cash in the party cannlund is 5440. The company would liebole chuck to replenish the fund based on the following summary of putty cash receipts: to , Amount on Acco Racer Office Supplies Macelles distrative Expense The company's policy is to record any misting funds in the cash short and account Inter has prepared to the thing of the pretty cast und Date Den Debit Crede 6% Cath Prepare for your doctor with their by the correct entry for a replica of the pattycach land. It must be does not require an entry was bank The Bar Reconciliation The cow's accounting on tos predece--wycon from the statement, and is wanted because the used to counts to the the back record the nation then Hurdatone, Inc. Bank Reconcilio January 31, 2015 , Cashbacering tabanka 12,135 Add: Depok in tratandorary Debut: Outstanding Check No. 124 Outstanding Check 125 Outstanding Check. 1.20 Total de Adre 562.00 57. (1.250.00 (1.100.000 $34,314.23 Bank Recon The company's accounting intern has prepared the end-ofuruary bank reconciliation from the bank statement, and is worried because the bad balance amounts do not agres Ahur reviewing the bank recondition, scroll down for the next step in helping the intem Murdson, The $23.557.50 12.125.25 Jorary 31, 2015 Cash belonce according to banken Adata: Ade Depot in transton January 31 De Ouding Check 12 Duck Dunding Chuck No 123 Toledo Med 19,250.000 11.03.01 H3103 Cash balance according to Murdstan, Inc 551.545. date and interact collected by bank 15.300.35 De Cheveure became Konvice change (20.00) Errin recording to 123 15,000.00 132.725401 usted SHOP You the interna chack one documents, and find that most of the dollar amounts are correct, however, we dollar amounts are incorrect. Aber viewing the following table, crown for the thing the inten Correct in Corrested le Amount Cash Gosh balance according to bank statement Yes Depot intrantony Outstanding Check. 134 Yen Outstanding Chach. 125 575,00 tnawa (Mi Na, v Cashbacete Marie Check retumed brede Note Werested by bank Yes Burkarice charge Ne Hurton error in recording Check. 123 112,435.00 rather than the correctament of $21.435.00 Mersing the worst other errors by comparing here te para recorders prepared by the former, worter to compute the corrested belone Round your two decades Currecce