Proli Footwear
Bank Reconciliation - Operating Account
December 31, 2014
				Per Client	Correct
Balance per Bank - December 31, 2014				491,224
Deposits in transit per Cash Receipts Journal 12/31/2014				85,000
Subtotal				576,224
Outstanding checks:	Check #	Date	Amount
ABC Leather (1)	2225	2/20/12	15,074
GGG Corp. (1)	2742	12/23/12	975
CT Telephone Co.	3706	12/15/14	2,750
Scuff GB Leather (4)	3713	12/23/14	132,575
Waterbury Real Estate Taxes	3714	12/23/14	23,500
Bug Computers	3715	12/23/14	128,750
Red Cross/Shield	3717	12/28/14	12,700
City of Proli	3718	12/28/14	12,500
Potor Properties	3719	12/30/14	8,017
Elfriede's Famous Fabrics (2)	3720	12/30/14	73,300
Total Outstanding Checks				410,141
Balance per trial balance				166,083
Audit adjustments:
	f
Balance per audit
(1) These companies have ceased doing business. State law regarding outstanding checks does NOT apply to this situation. RP
(2) Bank cut-off statement shows this check is for $46,300. The difference of $27,000 was paid to and cashed by Western GB Leather in check #3721. The sum of the two checks equals the amount shown for Elfriede's Famous Fabrics of $73,300 RP
(3) Examined the December bank statement to determine whether any outstanding checks were not included in this reconciliation. On December 27, 2014 a wire transfer of $30,000 that was not recorded on the books was made to Lucky Advertising. RP
(4) The president of Scuff GF Leather is Joan Scuff, wife of Goodwin Buye. This requires further investigation for related party implications. RP