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Using this information, create spreadsheets using the bank deposit method, expenditures method, and asset method to evaluate the fraudster?s financials. The total amount of bank
Using this information, create spreadsheets using the bank deposit method, expenditures method, and asset method to evaluate the fraudster?s financials. The total amount of bank deposits made by the fraudster during this time was $84,256.
Net Worth 2009 Assets (at cost) Bank account in balance Stocks and bonds Real estate -residence Automobile Boat Total Liabilities Mortgage Automobile Assets Liabilities Net Worth $2,250.00 $8,000.00 $200,000.00 $28,000.00 2010 $238,250.00 $10,000.00 $15,000.00 $200,000.00 $53,000.00 $50,000.00 $328,000.00 $100,000.00 $20,000.00 $120,000.00 $75,000.00 $15,000.00 $90,000.00 $238,250.00 $120,000.00 $118,250.00 $328,000.00 $90,000.00 $238,000.00 Net Income 2010 Income Salary Commission Total Expenses Credit Card Payments Living Expenses Net Income $75,000.00 $20,000.00 $95,000.00 $12,000.00 $60,000.00 $72,000.00 $23,000.00 Asset Method Expenditure Method Bank Deposit Method * Net disbursements Net bank deposits Plus: Beginning balance Equals : Net bank funds available Less: Ending balance Equals: Net bank disbursements $$2,250 $2,250 $10,000 $(7,750)Step by Step Solution
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