You are auditing the cash account for Monroe Company as of December 31, 2021. The accountant provided you with the bank reconciliation shown below as well a detailed of the reconciling items:

Deposit of December 31, not recorded on bank statement $ 816.20

Checks outstanding: No. 812, $1,061.00; No.878, $435.39;

No. 883, $48.60 1,544.99

Note plus interest of $8 collected by the bank (credit memorandum),

not recorded in the journal 408.00

Check from customer (Thomas Ivey) returned by the bank of

insufficient funds (NSF) 300.00

Bank service charges (debit memorandum) not recorded in the

journal 18.00

Check No. 879 for $732.26 to Taylor Co. on account, recorded in

the journal as $723.26 9.00

Monroe Company

Bank Reconciliation

December 31, 2021

Cash balance according to bank statement		$ 3,3579.78
Add deposit of December 31, not recorded by bank		816.20
		$4,175.98
Deduct outstanding checks:
No. 812	$ 1,061.00
No. 878	435.39
No. 883	48.60	1,544.99
Adjusted balance		$ 2,630.99
Cash balance according to depositors records		2,549.99
Add note and interest collected by bank		408.00
		$2,957.99
Deduct: Check returned because of
Insufficient funds	$ 300.00
Bank service charge	18.00
Error in recording Check No. 879	9.00	327.00
Adjusted balance		$ 2,630.99

Required

Use tick marks to describe the audit procedures you would use to satisfy yourself as to the audit procedures you should perform. No less than fifteen audit procedures. Also prepare the necessary entries that the accountant should have made.