Tarea 7.2

: Series A PR 8-1A Evaluating internal control of cash OBJ. 2, 3 The following procedures were recently installed by Raspberry Creek Company: a. After necessary approvals have been obtained for the payment of a voucher, the trea- surer signs and mails the check. The treasurer then stamps the voucher and supporting documentation as paid and returns the voucher and supporting documentation to the accounts payable clerk for filing. b. The accounts payable clerk prepares a voucher for each disbursement. The voucher along with the supporting documentation is forwarded to the treasurer's office for approval. c. Along with petty cash expense receipts for postage, office supplies, etc., several post- dated employee checks are in the petty cash fund. d. At the end of the day, cash register clerks are required to use their own funds to make up any cash shortages in their registers. e. At the end of each day, all cash receipts are placed in the bank's night depository. f. At the end of each day, an accounting clerk compares the duplicate copy of the daily cash deposit slip with the deposit receipt obtained from the bank. g. All mail is opened by the mail clerk, who forwards all cash remittances to the cashier. The cashier prepares a listing of the cash receipts and forwards a copy of the list to the accounts receivable clerk for recording in the accounts. h. The bank reconciliation is prepared by the cashier, who works under the supervision of the treasurer. Instructions -Indicate whether each of the procedures of internal control over cash represents (1) a strength or (2) a weakness. For each weakness, indicate why it exists.EX 8-18 Bank reconciliation OBJ. 5 The following data were accumulated for use in reconciling the bank account of Nakajima Co. for July: 1. Cash balance according to the company's records at July 31, $49,910. 2. Cash balance according to the bank statement at July 31, $48,250. 3. Checks outstanding, $4,460. 4. Deposit in transit, not recorded by bank, $6,450. 5. A check for $590 issued in payment of an account was erroneously recorded in the check register as $950. 6. Bank debit memo for service charges, $30. a. Prepare a bank reconciliation, using the format shown in Exhibit 12. b. If the balance sheet is prepared for Nakajima Co. on July 31, what amount should be reported for cash? c. Must a bank reconciliation always balance (reconcile)?5 PE 8-3A Bank reconciliation OBJ. 5 The following data were gathered to use in reconciling the bank account of Donovan Company: Balance per bank $14,385 Balance per company records 11,200 Bank service charges 60 Deposit in transit 2,125 NSF check 1,480 Outstanding checks 6,850 a. What is the adjusted balance on the bank reconciliation? b. Journalize any necessary entries for Donovan Company based on the bank reconciliation. PE 8-3B Bank reconciliation OBJ. 5 The following data were gathered to use in reconciling the bank account of Crystal Company: Balance per bank $28,240 Balance per company records 10,280 Bank service charges 60 Deposit in transit 6,500 Note collected by bank with $530 interest 11,170 Outstanding checks 13,350 a. What is the adjusted balance on the bank reconciliation? b. Journalize any necessary entries for Crystal Company based on the bank reconciliation