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Question parts 1-10 relate to the information above Date Deposit Amount begin{tabular}{l|ll} Sunday, November 27,2022 & $ & 2,500.00 & $ & 4,000.00 end{tabular}
Question parts 1-10 relate to the information above
Date Deposit Amount \begin{tabular}{l|ll} Sunday, November 27,2022 & $ & 2,500.00 \\ & $ & 4,000.00 \end{tabular} \begin{tabular}{l|ll} Wednesday, November 30, 2022 & $ & 3,500.00 \\ & $ & 2,000.00 \\ & $ & 6,000.00 \end{tabular} \begin{tabular}{l|lr} Thursday, December 15,2022 & $ & 5,000.00 \\ & $ & 12,000.00 \end{tabular} \begin{tabular}{l|cr} Wednesday, December 28,2022 & $ & 10,000.00 \\ \hline & $ & 3,000.00 \end{tabular} \begin{tabular}{|l|rr} Saturday, December 31, 2022 & $ & 1,400.00 \\ \hline & $ & 500.00 \\ \hline & $ & 100.00 \end{tabular} \begin{tabular}{l|ll} Saturday, January 7,2023 & $ & 1,500.00 \\ & $ & 2,000.00 \end{tabular} - Cash Disbursement Journal Cash Receipts Journal November Balance per Bank $17,250.00 Reconciling Items Deposits in Transit November 27 November 30 $$4,000.003,500.00 Outstanding Checks \begin{tabular}{|l|l|l|} \hline 1913 & $ & 300.00 \\ \hline 1918 & $ & 400.00 \\ \hline 1919 & $ & 550.00 \\ \hline \end{tabular} Balance per General Ledger $23,500.00 Cash Disbursement Journal Cash Receipts Journal November 30 Bank Reconciliation Balance per Bank on December 31, 2022 $25,000.00 Provided by Client on January 7, 2023 \begin{tabular}{|l|c|cr} \hline 1 & Bank Balance December 31, 2022 & $ & 25,000.00 \\ \hline 2 & & & \\ \hline 3 & Deposits Made & & \\ \hline 4 & January 2, 2023 & $ & 10,000.00 \\ \hline 5 & January 2, 2023 & $ & 3,000.00 \\ \hline 6 & January 8, 2023 & $ & 1,500.00 \\ \hline 7 & January 8, 2023 & $ & 2,000.00 \end{tabular} Checks Cashed \begin{tabular}{r|r|r|r} \hline 10 & 1913 & $ & 300.00 \\ \hline 11 & 1927 & $ & 900.00 \\ \hline 12 & 1933 & $ & 500.00 \\ \hline 13 & 1938 & $ & 7,000.00 \\ \hline 14 & 1939 & $ & 800.00 \\ \hline 15 & 1940 & $ & 9,000.00 \\ \hline 16 & 1943 & $ & 2,000.00 \\ \hline 17 & 1944 & $ & 1,900.00 \\ \hline 18 & 1945 & $ & 200.00 \\ \hline 19 & 1946 & $ & 400.00 \end{tabular} NSF Check Returned (Check Deposited 12/28/22) $3,000.00 Bank Balance January 10, 2023 $15,500.00 24 25 26 27 1.... November 30 Bank Reconciliation | December 31 Bank Confirmation January 10 Cut Off Bank Stmt What is the balance per bank that should be on the top line of the bank reconciliation? Question 2 5pts What is the total amount of Deposits in Transit that should be included on the December 31 bank reconciliation? Question 3 5pts What is the total amount of outstanding checks that should be included in the December 31 bank reconciliation? If there are any other adjustments to the bank reconciliation, what is that amount? Question 5 What balance does the client show on the G/L (or face of balance sheet) on December 31 ? Question 6 What is the true and correct balance for cash on December 31 ? Which checks most concern you in terms of the time it took to be deposited? Question 9 5 pts From an internal control perspective, what check number concerns you as an auditor the most? Question 10 5 pts What checks that were written by the client in December would the auditor want to follow up on as a result of the examination of the cut-off bank statement, if any? Date Deposit Amount \begin{tabular}{l|ll} Sunday, November 27,2022 & $ & 2,500.00 \\ & $ & 4,000.00 \end{tabular} \begin{tabular}{l|ll} Wednesday, November 30, 2022 & $ & 3,500.00 \\ & $ & 2,000.00 \\ & $ & 6,000.00 \end{tabular} \begin{tabular}{l|lr} Thursday, December 15,2022 & $ & 5,000.00 \\ & $ & 12,000.00 \end{tabular} \begin{tabular}{l|cr} Wednesday, December 28,2022 & $ & 10,000.00 \\ \hline & $ & 3,000.00 \end{tabular} \begin{tabular}{|l|rr} Saturday, December 31, 2022 & $ & 1,400.00 \\ \hline & $ & 500.00 \\ \hline & $ & 100.00 \end{tabular} \begin{tabular}{l|ll} Saturday, January 7,2023 & $ & 1,500.00 \\ & $ & 2,000.00 \end{tabular} - Cash Disbursement Journal Cash Receipts Journal November Balance per Bank $17,250.00 Reconciling Items Deposits in Transit November 27 November 30 $$4,000.003,500.00 Outstanding Checks \begin{tabular}{|l|l|l|} \hline 1913 & $ & 300.00 \\ \hline 1918 & $ & 400.00 \\ \hline 1919 & $ & 550.00 \\ \hline \end{tabular} Balance per General Ledger $23,500.00 Cash Disbursement Journal Cash Receipts Journal November 30 Bank Reconciliation Balance per Bank on December 31, 2022 $25,000.00 Provided by Client on January 7, 2023 \begin{tabular}{|l|c|cr} \hline 1 & Bank Balance December 31, 2022 & $ & 25,000.00 \\ \hline 2 & & & \\ \hline 3 & Deposits Made & & \\ \hline 4 & January 2, 2023 & $ & 10,000.00 \\ \hline 5 & January 2, 2023 & $ & 3,000.00 \\ \hline 6 & January 8, 2023 & $ & 1,500.00 \\ \hline 7 & January 8, 2023 & $ & 2,000.00 \end{tabular} Checks Cashed \begin{tabular}{r|r|r|r} \hline 10 & 1913 & $ & 300.00 \\ \hline 11 & 1927 & $ & 900.00 \\ \hline 12 & 1933 & $ & 500.00 \\ \hline 13 & 1938 & $ & 7,000.00 \\ \hline 14 & 1939 & $ & 800.00 \\ \hline 15 & 1940 & $ & 9,000.00 \\ \hline 16 & 1943 & $ & 2,000.00 \\ \hline 17 & 1944 & $ & 1,900.00 \\ \hline 18 & 1945 & $ & 200.00 \\ \hline 19 & 1946 & $ & 400.00 \end{tabular} NSF Check Returned (Check Deposited 12/28/22) $3,000.00 Bank Balance January 10, 2023 $15,500.00 24 25 26 27 1.... November 30 Bank Reconciliation | December 31 Bank Confirmation January 10 Cut Off Bank Stmt What is the balance per bank that should be on the top line of the bank reconciliation? Question 2 5pts What is the total amount of Deposits in Transit that should be included on the December 31 bank reconciliation? Question 3 5pts What is the total amount of outstanding checks that should be included in the December 31 bank reconciliation? If there are any other adjustments to the bank reconciliation, what is that amount? Question 5 What balance does the client show on the G/L (or face of balance sheet) on December 31 ? Question 6 What is the true and correct balance for cash on December 31 ? Which checks most concern you in terms of the time it took to be deposited? Question 9 5 pts From an internal control perspective, what check number concerns you as an auditor the most? Question 10 5 pts What checks that were written by the client in December would the auditor want to follow up on as a result of the examination of the cut-off bank statement, if anyStep by Step Solution
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