Proli FootwearBank Reconciliation - Operating Accounts (1) These companies have ceased doing business. State law regarding outstanding
Question:
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Proli FootwearBank Reconciliation - Operating Accounts
(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
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