Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please help me with his question. make sure to number each part and write it clear so i can understand and see it. i will

please help me with his question. make sure
to number each part and write it clear so i can
understand and see it. i will give u a up vote if
you do a hood job. thanks!
image text in transcribed
image text in transcribed
Following is a bank reconciliation for Zocar Enterprises for June 30, Year 2; As part of the normal process for handling an NSF check, the accounting clerk has notified the customer that their account did not contain sufficient funds to pay the balance owed to the compariy. The customer was told that they will need to provide an alternative form of payment to cover the outstanding balance. Required a. Prepare the adjustment that the clerk would have made to record the NSF check. c. Assume the derk had stolen $800 cash, and recorded an entry for a nonexistent NSF check to reduce the cash balance so that it would match the bank balance. Select the internal control practice that would have most likely prevented this fraud. Complete this question by entering your answers in the tabs below. Prepare the adjustment that the clerk would have made to record the NSF check. Following is a bank reconciliation for Zocar Enterprises for June 30 , Year 2 : As part of the normal process for handling an NSF check, the accounting clerk has notified the customer that their account did not contain sufficient funds to pay the balance owed to the company. The customer was told that they will need to provide an alternative form of payment to cover the outstanding balance. Required a. Prepare the adjustment that the clerk would have made to record the NSF check. c. Assume the clerk had stolen $800 cash, and recorded an entry for a nonexistent NSF check to reduce the cash balance so that it would match the bank balance. Select the internal control practice that would have most likely prevented this fraud. Complete this question by entering your answers in the tabs below. Assume the clerk had stolen $800 cash, and recorded an entry for a nonexistent NSF check to reduce the cash balance so that it would match the bank balance. Select the internal control practice that would have most likely prevented this fraud

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Environmental Audit A Compendium For Nicaragua

Authors: Amarus Aurelio Urbina

1st Edition

6203976547, 978-6203976540

More Books

Students also viewed these Accounting questions

Question

Describe the federal estate and gift tax system.

Answered: 1 week ago

Question

Define induction and what are its objectives ?

Answered: 1 week ago

Question

Discuss the techniques of job analysis.

Answered: 1 week ago

Question

How do we do subnetting in IPv6?Explain with a suitable example.

Answered: 1 week ago

Question

Explain the guideline for job description.

Answered: 1 week ago

Question

What is job description ? State the uses of job description.

Answered: 1 week ago