ert G Design Layout Times New Rom - 28 BIU Apollo Shoes Case 7e-2.doc Mailings Font References A A Aa A E x x A 2. A 5 Compatibility Mode - Saved to this PC Review View Help Date: 19 JAN 2018 15:37:42 +0000 From: "Darlene Wardlaw" Subject: Audit of Cash Paragraph Talk to you soon. DW We received the bank confirmation and bank cutoff statement this morning from Apollo's primary bank. I left both documents in your mailbox at the office. I would prefer that you audit cash rather than Timothy (let him stick to vouching documents to keep him out of trouble). A couple of points: AaBbc AaBt AaBbCe Char Char Char 1. Don't forget to trace from the cutoff bank statement to the outstanding check list to make sure that the listing is complete and accurate. 2. There was an adjustment made at the end of the year to other income that looks odd. If I remember correctly, there was a transaction in investments for the same amount. You may want to take a closer look. 3. The last check written in December was check number 3621. They use duplicate checks so I was able to look at the carbons when I was out at Apollo on Saturday. Search STANDARD FORM TO CONFIRM ACCOUNT BALANCE INFORMATION WITH FINANCIAL INSTITUTIONS Styles FINANCIAL INSTITUTIONS NAME AND ADDRESS Twenty First National Bank Post Office Box 1 Shoctown, ME 00002 1. At the close of business on the date listed above, our records indicated the ACCOUNT NAME ACCOUNT NO. General Cash Account Payroll Account Savings Account ACCOUNT NO/ DESCRIPTION Hotel 106216 Line of Credit, Acet7500439 604-17-526-5 604-29-016-3 604-02-729-8 We have provided to our accountants the following information as of the close of business on 12/31/2017, regarding our deposit and loan balances Please confirm the accuracy of the information, noting any exceptions to the information provided. If the balances have been left blank, please complete this foren by furnishing the balance in the appropriate space below. Although we do not request nor expect you to conduct a comprehensive, detailed search of your records, if during the process of completing this confirmation additional information about other deposit and loan accounts we may have with you comes to your attention, please include such information below. Please use the enclosed envelope to return the form directly to our accountants DATE DUE BALANCE 12,000,000 1/1/2018 44.403,000 EXCEPTIONS AND OR COMMENTS no exceptions noted. ala ala 3.27 3,645,599,15 2. We were directly liable to the financial institution for loans at the close of business on the date listed above as follows DATE THROUGH WHICH INTEREST IS PAID 11/30/2017 Apollo Shoes, Inc CUSTOMER NAME INTEREST RATE Please return this form directly to our accountants INTEREST RATE 8,15% 7.M. Rich (Financial Institution Authorized Signature) wing deposit balance(s) 11/30/2017 BALANCE 3,301,192.03 0 20158(veling) 9,165 EP Unem 1/9/2018 (Date) (Customer's Authorized Signature The information presented above by the customer in Parveers with our records. Although we have not conducted comprehensive, detailed search of our records, no other deposit or loan accounts have come to our attention except as noted below DESCRIPTION OF COLLATERAL Intory Inventory 1/13/2018 (Date) Andersen, Olda, and Watershed, LLP 32nd Financial Avenue. Shoetown, ME 00002 Ordinarily, balances are intentionally left blank if they are not available at the time this form is prepared Approved 1900 by American Bankers Association, American Institute of Certified Public Accounts, and Bank Administration Institute Additional forms available from AICPA Order Department, PO Box 1003 NY, NY 10100-1003 Focus 10 Zoom E Font wenty First to que Post Office Box 1 Showtown, ME Apollo Shoes, Inc. 100 Shoe Plaza Sheetown, ME 00001 ***Your Checking Account Your Previous Balance Additions Deductions Your Current Balance 2 Date lil THE Amount Deposits and Other Additions The Twenty First Bank for the JUJU |||| Twenty First Century 1/3/18 440,782.45 1/5/18 6,009,285.91 Paragraph 5 1-1-2018 THRU 1-15-2018*** 3 Deposits 2 Transfers from other accounts 55 Checks 3 Transfers to other accounts Date CYC 1 Amount MC 1 Char 1/13/18 23,146,954.54 Char Account 604-17-526-5 3,309,192.03 29,597,022.90 11,500,000.00 12,031,004.11 29,365,369.20 3,009,841.62 FREQ M0000 Copyright 2017 McGraw-Hill Education All nehts reserved. No reproduction or distribution without English (United States) Char Page 1 of 2 AaBbCc. AaBbq AaBh AaBbC. AaBbCcl AaBbCcl AaBbCcl AaBbC AaBbCcD] Char Char Char Char Char Caption Normal Title Subtitle Checks and Other Withdrawals Check 3586 3587 3582 3591 3598 3597 3599 3602 3615 3612 3593 3610 3617 Styles 3619 3585 3589 Date 1/3/18 1/3/18 1/3/18 1/4/18 7,566.07 1/4/18 16,472.00 1/5/18 15,746.44 1/5/18 12,610.96 6,394.61 12,904.00 4,194.79 18,421.90 5,929 87 1/5/18 1/5/18 1/5/18 1/6/18 1/6/18 1/6/18 Amount 8,533.12 4,741.30 330,375,80 1/6/18 1/6/18 1/6/18 1,073.73 7,841 27 7,960.15 6,707.05 467,473,06 Check 3590 3603 3604 3606 3583 3584 3588 3592 3594 3595 3601 3605 3607 3608 3609 3613 Date 1/7/18 1/7/18 1/7/18 1/7/18 1/10/18 1/10/18 1/10/18 1/10/18 1/10/18 1/10/18 1/10/18 1/10/18 1/10/18 1/10/18 1/10/18 1/10/18 Amount 10,587.77 14,766.54 15,816,16 2,794.07 9,606.37 823.27 14,122.85 5,684.08 12,741.49 988.55 5,717.19 4,807,21 2,667,006.32 9,515.15 1,501 40 17,205.98 2,793,684.40 Focus w Rom 28 A A Aa A E U + X. X A 2.A. Font Bentinha Thy Hist Post Office Box 1 Shostown, ME 15 For the Twenty Fi century Date Amount 1/7/2018 1/13/2018 1/14/2018 Transfers to Other Accounts Checks and Other Withdrawals Check Date Amount 3621 1/10/2018 3596 1/12/2018 3600 1/12/2018 3611 1/12/2018 3616 1/12/2018 3614 1/12/2018 Check Date Amount 11,137.19 3627 1/13/2018 10,014.94 3628 1/13/2018 200,000.00 3629 1/13/2018 1,266.85 3633 1/13/2018 3635 1/13/2018 3636 1/13/2018 9,338.02 14,366.46 3618 1/12/2018 13,377.14 3624 1/14/2018 2,566.30 3630 1/14/2018 3620 1/12/2018 3622 1/13/2018 3623 1/13/2018 3625 1/13/2018 3626 1/13/2018 6,683.93 2,937.13 124.81 3634 15,216.88 Account Paragraph Transfers from Other Accounts 6,300,000.00 604-03-739-8 22,500,000.00 604-03-739-8- 565,369.20 604-29-016-3 Account 3631 1/14/2018 3632 1/14/2018 1/14/2018 V Date Amount 1/10/2018 3,500,000.00 604-03-739-8 1/14/2018 8,000,000.00 604-03-739-8 5 6,891.16 6,025.43 927.09 6,924.96 5,174.00 585.28 6,868.12 8,419.69 8,434,889.09 1,117.19 4,994.99 AaBbc AaBb AaBbCa Char Char Char Account 604-17-526-5 Page 2 of 2 Copyright 2017 McGraw-Hill Education. All rights reserved. No reproduction or distribution without AaBbCd AaBbq AaBk AaBbc, AaBbCd AaBbCcl AaBbCcI AaBbC AaBbCcD Char Char Char Char Char Caption 1 Normal Title Subtitle Styles Date: 10 JAN 2018 13:02:47 +0000 From: "Karina Ramirez" Subject: PBC Schedules We've completed the schedules that we agreed to prepare in our audit planning meeting. Ys left them on your worktable in the conference room. According to your instructions, we've marked them PBC for "Prepared by Client." Jys attached copies to this e-mail as well as posted them to your firm's intranet site as you directed. Let us know if you have any questions. I've also left some other documents that you requested last Friday, specifically copies of two bank deposit slips from early January that you requested for your accounts receivable work. Karina Karina Ramirez Director, Internal Audit Apollo Shoes, Inc. Copyright 2017 McGraw-Hill Education. All rights reserved. No reproduction or distribution without F Design References Mailings Review mes New Rom- 28 A A Aa A EST AaBbc AaBl AaBbCcl Char TU Char x x A Char Layout Font PBC 5 Account Title Acct # 10100 Cash on Hand Apollo Shoes, Inc. Cash Lead Schedule For Year Ended 12/31/2017 10200 Regular Checking 10400 Savings 10300 Payroll Checking View Help Paragraph (Audited) Balance 12/31/16 $1,987.28 $198,116.52 $0.00 $3,044,958.13 $3,245,061.93 Prepared by Reviewed by Unaudited Balance 12/31/17 $2,275.23 $557,125.92 $0.00 $3,645,599.15 $4,205,000 30 B-1 Char DOLL Char Char Styles Char General Account Unadjusted book balance Apollo Shoes Bank Reconciliation. 12/31/17 Bank Adjustments Amount to Balance. Adjusted book balance. Dashboard-Googl... Balance per bank statement Add Deposits in transit Deduct 0/5 Checks Adjustment to Balance Adjusted bank balance. Payroll Account Unadjusted book balance Bank adjustments Adjusted book balance. Balance per bank statement Add Deposits in transit Deduct 0/3 Checks Adjusted bank balance Char Chap 6 analysis OL... 1 Caption Normal: Title 226,750.12 0 330,375.80 Adjustment to 557,125.92 balance posted to 3,309, 192.03 440,782.45 -3,192,848.56 557,125.92 Petroware (Gatewa.... 0 0 0 0 598,341.59 -598,341.59 0 Subtitle Cash and Controller's Clearing Account Focus Re Se 5 Edit I Font A PBC Check # Date 3583 12/31/17 3584 12/31/17 3585 12/31/17 3586 12/31/17 3587 12/31/17 3588 12/31/17 3589 12/31/17 3590 12/31/17 3591 12/31/17 3592 12/31/17 3593 12/31/17 3594 12/31/17 3595 12/31/17 3596 12/31/17 3597 12/31/17 3598 12/31/17 3599 12/31/17 3600 12/31/17 3601 12/31/17 3602 12/31/17 3603 12/31/17 3604 12/31/17 3605 12/31/17 55 Apollo Shoes, Inc. Outstanding Checks 31-Dec-17 Amount 9,606.37 823.27 7,960.15 8,533.12 4,741.30 14,122.85 6,707,05 10,587.77 7,566.07 5,684.08 18,421.90 12,741.49 988.55 10,014.94 15,746.44 16,472.00 12,610.96 Paragraph 200,000.00 5,717.19 6,394.61 14,766.54 15,816.16 4,807 21 Check # 3606 3607 3608 3609 3610 3611 3612 3613 3614 3615 3616 3617 3618 3619 3620 3621 TOTAL S Date 12/31/17 12/31/17 12/31/17 12/31/17 12/31/17 12/31/17 12/31/17 12/31/17 12/31/17 12/31/17 12/31/17 12/31/17 12/31/17 12/31/17 12/31/17 12/31/17 Char Aadu AaBbC Char Char Amount 2,794.07 2,667,006,32 9,515.15 1.501.40 5,929.87 1,266.85 4,194.79 17,205.98 14,366.46 12,904.00 9,338.02 1,073.73 13,377.14 7,841.27 2,566.30 11.137.19 $3.192.848.56 Char Char Pay More Shoes Nuke Me Shoe Shack Trenchfoot Imelda's Closet Eight East Feet Lamour Char Apollo Shoes, Inc Bank Deposit Slip Twenty First National Bank, Account #604-17-526-5 Styles Neutralizer Bad Boy Shoes Wild Hair Shoes Big Bob's Shoe Store Total Deposit Doug's Shoes Custom Shoes Char 5-Jan-18 Customer Name Apollo Shoes, Inc Bank Deposit Slip Twenty First National Bank, Account #604-17-526-5 Run For Your Life Shoes Hip Hop Shoes- International Soccer Federation Walk About Blue Bird Shoes Pump It Up Shoes Hop Scotch Shoes Sassy Shoes Evil Spirit Shoes Action Foot Shoes Paul Bunion Footware Shack's Shoe Shine Lock-Up Shoe Store Total Deposit 13-Jan-18 Customer Name Char 1 Caption 1 Normal Check Number 16625 16949 17309 18544 11618 18369 15299 18608 12818 12085 14819 Check Number 13289 14675 10531 13695 17097 14659 11500 11186 15820 19785 15759 10716 19851 523 16514 Title Check Amount $526,004.85 $35,028.59 $730,588.25 $85,534.25 $96,452.11 $45,258.22 $385,241.02 $3,053,144.23 $400,253.31 $252,769.26 $399.011.82 $5.009.285.91 Check Amount $2,165,500.55 $695,542 21 $1,222,359.56 $932,653.33 $2,648.75 $5,996.13 $11,844.63 $3,375.54 $895,606.23 $5,765,081.85 $86,450.60 $793,544.22 $10,458,847.58 $3,000.00 $104.503.36 $23.146.954.54 Subtitle Focus Date: 19 JAN 2018 15:37:42 +0000 From: "Darlene Wardlaw" Subject: Audit of Cash We received the bank confirmation and bank cutoff statement this morning from Apollo's primary bank. I left both documents in your mailbox at the office. I would prefer that you audit cash rather than Timothy (let him stick to vouching documents to keep him out of trouble). A couple of points: 1. Don't forget to trace from the cutoff bank statement to the outstanding check list to make sure that the listing is complete and accurate. 2. There was an adjustment made at the end of the year to other income that looks odd. If I remember correctly, there was a transaction in investments for the same amount. You may want to take a closer look. 3. The last check written in December was check number 3621. They use duplicate checks so I was able to look at the carbons when I was out at Apollo on Saturday. Talk to you soon. DW