Your cashier has notified you that he has misplaced all the bank statements for the past year. You review selected accounting records during the year and discover that the following journal entry was made to reconcile the June 30, 2016, bank statement and the accounting records:

Accounts Receivable		1,520.24
Miscellaneous Expense		12.50
Notes Receivable				200.00
Interest Revenue				10.00
Cash				1,322.74

Required:

1. What event most likely caused the debit to Miscellaneous Expense and what event most likely caused the credit to Notes Receivable?

2. Compute the amount that would have appeared as the balance per bank statement on a bank reconciliation if the preadjustment cash balance in the accounting records was $7,683.70, outstanding checks were $207.50, and no other adjustments were required. If required, round your answers to two decimal places. $

3.Part I

Assume that you contact the bank and are informed that a balance of $5,542.90 has been reported on the June 30 bank statement. This discrepancy indicates that the amount of cash in the bank is than the balance per bank calculated in Requirement 2.

Part II

Assume that you contact the bank and are informed that a balance of $5,542.90 has been reported on the June 30 bank statement which is less than the balance per bank calculated in the bank reconciliation. An investigation of this discrepancy could include all of the following actions except: