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You are doing the first-year audit of Sherman School District and have been assigned responsibility for doing a four-column proof of cash for the month

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You are doing the first-year audit of Sherman School District and have been assigned responsibility for doing a four-column proof of cash for the month of October 2016. You obtain the following information: Click the icon to view the information.) Read the requirements Requirement a. Prepare a four-column proof of cash for the month ended October 31. It should show both adjusted and unadjusted cash. (If a box is not used in the table, leave the box empty; do not enter a zero.) Cash 9/30/16 Receipts Disbursements Balance per bank Deposits in transit 9/30/16 10/31/16 Outstanding checks 9/30/16 10/31/16 Choose from any list or enter any number in the input fields and then continue to the next question Outstanding checks 9/30/16 10/31/16 Bank error - check charged to wrong account NSF checks Balance per bank- adjusted Balance per books- unadjusted Adjustments to be made Interest charged Note proceeds ou are doing the first-year audit of Sherman School District and have been assigned responsibility for doing our-column proof of cash for the month of October 2016. You obtain the following information: 1 (Click the icon to view the information.) Read the requirements Balance per books-unadjusted Adjustments to be made Interest charged Note proceeds Balance per books- adjusted Cash 10/31/16 Read the requirements. Requirement b. Prepare all adjusting entries Prepare the entry for the $596 interest charged by the bank, but not recorded. (Record debits first, then credits Exclude explanations from any journal entries.) Journal Entry Accounts Debit Credit Date Oct 31 Prepare the entry for the $3,296 note proceeds that was collected by the bank, but not recorded. (Record debits first, then credits. Exclude explanations from any journal entries) nuenal Ents. Prepare the entry for the $3,296 note proceeds that was collected by the bank, but not recorded. (Record d first, then credits. Exclude explanations from any journal entries.) Journal Ent Date Accounts Debit Credit 31 Oct Requirements Prepare a four-column proof of cash for the month ended October 31. It should show both adjusted and unadjusted cash. Prepare all adjusting entries. a. b. Print Done 1Balance per September 30 $10,725 books October 31 5,836 6,915 2Balance per September 30 bank October 31 8,276 1,811 3. Oustanding September 30 checks October 31 2,615 28,792 4. Cash receipts per bank for October per books 20,271 5,621 5. Deposits in September 30 transit October 31 996 6 Interest on a bank loan for the month of October charged by the bank but not recorded, was $596. Proceeds on a note of the Jones Company were collected by the bank on Print Done More Info 5 Deposits in September 30 5,621 transit October 31 996 6 Interest on a bank loan for the month of October, charged by the bank but not recorded, was $596 Proceeds on a note of the Jones Company were collected by the bank on 7 October 28 but were not entered on the books Principal2,900 Interest 396 $ 3,296 8On October 26, a $1,144 check of the Bilings Company was charged to Sherman School District's account by the bank in error Dishonored checks are not recorded on the books unless they permanently fail to clear the bank. The bank treats them as disbursements when they are dishonored and as deposits when they are redeposited. Checks totaling $1,335 were dishonored in October; $600 was redeposited in October and $735 in November 9. Print Done

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