Question
Your client, Aira Marie Shon Company, presented you the following data: Reconciling Items: Undeposited collections: September 30 October 31 5,200 ? Bank service charges: September
Your client, Aira Marie Shon Company, presented you the following data:
Reconciling Items:
Undeposited collections:
September 30
October 31
5,200
?
Bank service charges:
September 30
October31
50
65
Outstanding checks:
September 30
October 31
8,007
?
Erroneous bank debits:
September 30
October 31
600
900
NSF checks:
September 30
October 31
526
700
Erroneous bank credit:
September 30
October 31
1,000
3,000
Customer's notes collected by bank: Balances:
September 30
October 31
1,500
4,277
Book - October 31
Bank-September 30
166,236
130,560
October transactions:
Receipts:
Book 151,230
Bank 149,951
Disbursements:
Book 111,423
Bank 110,098
Questions:
Based on the above data and the result of your audit, compute for the following:
1. How much is the total disbursements in October?
a. 154,007 c. 110,098
b. 111,612 d. 115,412
2. How much is the undeposited collection, October 31, 2019?
a. 12,856 c. 21,856
b. 11,256 d. 21,586
3. How much is the total outstanding checks, Oct. 31, 2019?
a. 9,821 c. 12,124
b. 11,421 d. 12,142
4. How much is the adjusted balance of cash, September 30, 2019?
a. 127,353 c. 111,612
b. 154,007 d. 169,748
PLEASE ATTEND ALL 4 PARTS.
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A Concise Course On Auditing An Authoritative Text For Stakeholders
Authors: Onyuka Felix McDubus
1st Edition
3844395415, 978-3844395419
