PROBLEM: AUDITING PROBLEM

The bank reconciliation prepared by Aileen Company on November 30 is presented as follows:

Unadjusted balance $145,200 Unadjusted book balance $87,960 Add: Deposit in transit 27,000 Add: CM - Note collected 60.480 Total 172,200 Total 148,440 Less: Outstanding checks Less: DM-Bank charges 240 No. 576 3,600 582 10,800 584 7,200 585 2,400 24,000 Adjusted bank balance $148.200 Adjusted book balance $148.200\fCASH RECEIPTS JOURNAL CASH DISBURSEMENT JOURNAL Date OR No. Amount Date OR No. Amount December 1 815 $ 60,000 December 1 386 $ 24,000 816 72,000 3 387 36,000 10 817 84,000 10 388 48,000 17 818 96,000 14 389 30,000 20 819 108,000 20 390 42,000 30 820 120,000 23 391 54,000 31 821 133,200 26 392 60,000 28 393 66,000 31 394 72,000 Total $661,200 Total $456,000