You are the senior auditor in charge of the July 31, 20X0, audit of Reliable Auto Parts, Inc Your newly hired staff assistant reports to you that she is unable to complete the four column proof of cash for the month of April 20X0, which you instructed her to do as part of the consideration of internal control over cash Your assistant shows you the working paper that she has prepared Your review of your assistants work reveals that the dollar amounts of all the items in her working paper are correct You learn that the accountant for Reliable Auto Parts, Inc , makes no journal entries for bank service charges or note collections until the month following the banks recording of the item In addition, Reliables accountant makes no journal entries whatsoever for NSF checks that are redeposited and cleared Your assistants working paper appears below RELIABLE AUTO PARTS, INC Proof of Cash for April 20X0 July 31, 20X0 Balance Balance 3 31 X0 Deposits Checks 4 30 X0 Per bank statement $ 72,368 71 $ 62,074 63 $ 68,782 11 $ 65,661 23 Deposits in transit At 3 31 X0 2,138 45 (2,138 45) At 4 30 X0 4,965 10 4,965 10 Outstanding checks At 3 31 X0 (15,030 62) 15,030 62 At 4 30 X0 (23,133 98) 23,133 98 Bank service charges March 20X0 (22 37) 22 37 April 20X0 (19 33) 19 33 Note receivable collected by bank 4 30 X0 18,370 00 18,370 00 NSF check of customer L G Waite, charged back by bank 3 31 X0, redeposited and cleared 4 3 X0 (421 80) 421 80 Balances as computed 59,032 37 85,831 53 60,681 79 110,011 19 Balances per book 59,920 71 46,109 48 76,888 51 29,141 68 Unlocated difference $ (888 34) $ 39,722 05 $ (16,206 72) $ 80,869 51 Prepare a corrected four column proof of cash in good form for Reliable Auto Parts, Inc , for the month of April 20X0 (Negative amounts should be indicated by a minus sign Round your answers to 2 decimal places ) RELIABLE AUTO PARTS, INC Proof of Cash for April 20X0 July 31, 20X0 Balance Balance 3 31 X0 Deposits Checks 4 30 X0 Per bank statement $72,368 71 $62,074 63 $68,782 11 $65,661 23 Deposits in transit At 3 31 X0 2,138 45 At 4 30 X0 4,965 10 Outstanding checks At 3 31 X0 (15,030 62) At 4 30 X0 Bank service charges March 20X0 22 37 22 37 April 20X0 (19 33) 19 33 Note receivable collected by bank 4 30 X0 NSF check of customer L G Waite, charged back by bank 3 31 X0, redeposited and cleared 4 3 X0 421 80 (421 80) Balances per book $59,920 71 $46,109 48 $76,888 51 $29,141 68

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You are the senior auditor-in-charge of the July 31, 20X0, audit of Reliable Auto Parts, Inc. Your newly hired staff assistant reports to you that

You are the senior auditor-in-charge of the July 31, 20X0, audit of Reliable Auto Parts, Inc. Your newly hired staff assistant reports to you that she is unable to complete the four-column proof of cash for the month of April 20X0, which you instructed her to do as part of the consideration of internal control over cash.

Your assistant shows you the working paper that she has prepared. Your review of your assistants work reveals that the dollar amounts of all the items in her working paper are correct. You learn that the accountant for Reliable Auto Parts, Inc., makes no journal entries for bank service charges or note collections until the month following the banks recording of the item. In addition, Reliables accountant makes no journal entries whatsoever for NSF checks that are redeposited and cleared. Your assistants working paper appears below.

RELIABLE AUTO PARTS, INC.
Proof of Cash for April 20X0
July 31, 20X0
		Balance						Balance
		3/31/X0		Deposits		Checks		4/30/X0
Per bank statement	$ 72,368.71		$ 62,074.63		$ 68,782.11		$ 65,661.23
Deposits in transit:
At 3/31/X0		2,138.45						(2,138.45)
At 4/30/X0				4,965.10				4,965.10
Outstanding checks:
At 3/31/X0		(15,030.62)				15,030.62
At 4/30/X0						(23,133.98)		23,133.98
Bank service charges:
March 20X0		(22.37)				22.37
April 20X0						(19.33)		19.33
Note receivable collected
by bank 4/30/X0				18,370.00				18,370.00
NSF check of customer
L. G. Waite, charged
back by bank 3/31/X0,
redeposited and
cleared 4/3/X0		(421.80)		421.80

Balances as computed		59,032.37		85,831.53		60,681.79		110,011.19
Balances per book		59,920.71		46,109.48		76,888.51		29,141.68

Unlocated difference	$	(888.34)	$	39,722.05	$	(16,206.72)	$	80,869.51

Prepare a corrected four-column proof of cash in good form for Reliable Auto Parts, Inc., for the month of April 20X0. (Negative amounts should be indicated by a minus sign. Round your answers to 2 decimal places.)

RELIABLE AUTO PARTS, INC
Proof of Cash for April 20X0
July 31, 20X0
	Balance			Balance
	3/31/X0	Deposits	Checks	4/30/X0
Per bank statement	$72,368.71	$62,074.63	$68,782.11	$65,661.23
Deposits in transit:
At 3/31/X0	2,138.45
At 4/30/X0		4,965.10
Outstanding checks:
At 3/31/X0	(15,030.62)
At 4/30/X0
Bank service charges:
March 20X0	22.37		22.37
April 20X0			(19.33)	19.33
Note receivable collected by bank 4/30/X0
NSF check of customer
L. G. Waite, charged back by bank 3/31/X0, redeposited and cleared 4/3/X0	421.80	(421.80)
Balances per book	$59,920.71	$46,109.48	$76,888.51	$29,141.68