Loading...

Messages

Proposals

Stuck in your homework and missing deadline? Get urgent help in $10/Page with 24 hours deadline

Get Urgent Writing Help In Your Essays, Assignments, Homeworks, Dissertation, Thesis Or Coursework & Achieve A+ Grades.

Privacy Guaranteed - 100% Plagiarism Free Writing - Free Turnitin Report - Professional And Experienced Writers - 24/7 Online Support

Preparing comprehensive bank reconciliation with theft and internal control deficiencies

24/10/2020 Client: arwaabdullah Deadline: 7 Days

Daisey Company is a very profitable small business. It has not, however given much consideration to internal control. For example, in an attempt to keep clerical and office expenses to a minimum, the company has combined the jobs of cashier and book-keeper. As a result, Bret Turrin handles all cash receipts, keeps the accounting records, and prepares the monthly bank reconciliations.

The balance per the bank statement on October 31, 2017, was $18,380. Outstanding checks were No. 62 for $140.75, No. 183 for $180, No. 284 for $253.25, No. 862 for $190.71, No. 863 for $226.80, and No. 864 for $165.28. Included with the statement was a credit memorandum of $185 indicating the collection of a note receivable for Daisey Company by the bank on October 25.

This memorandum has not been recorded by Daisey.

The company's ledger showed one Cash account with a balance of $21,877.72. The balance included undepositied cash on hand. Because of the lack of internal controls, Bret took for personal use all of the undeposited receipts in excess of $3,795.51. He then prepared the following bank reconciliation in an effort to conceal his theft of cash:

Cash balance per books, October 31 $21,877.72
Add: Outstanding checks
No. 862 $190.71
No. 863 226.80
No. 864 165.28 482.79
22,360.51
Less: Undeposited receipts 3,795.51
Unadjusted balance per bank, October 31 18,565.00
Less: Bank credit memorandum 185.00
Cash balance per bank statement, October 31 $18,380.00
Prepare a 200-word bank reconciliation report (hint: deduct the amount of the theft from the adjusted balance per books) including the following:

Indicate the three ways that Bret attempted to conceal the theft and the dollar amount involved in each method.
What principles of internal control were violated in this case?
Show all work in the Excel® spreadsheet and submit with the reconciliation report.

Homework is Completed By:

Writer Writer Name Amount Client Comments & Rating
Instant Homework Helper

ONLINE

Instant Homework Helper

$36

She helped me in last minute in a very reasonable price. She is a lifesaver, I got A+ grade in my homework, I will surely hire her again for my next assignments, Thumbs Up!

Order & Get This Solution Within 3 Hours in $25/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 3 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 6 Hours in $20/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 6 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 12 Hours in $15/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 12 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

6 writers have sent their proposals to do this homework:

Instant Assignments
Financial Hub
Writer Writer Name Offer Chat
Instant Assignments

ONLINE

Instant Assignments

Good day dear client, I am a full-time freelance writer with years of experience. My strongest strengths are strong dedication to duty, reliability, quality and excellence. I am going to do an outstanding job for you, kindly PM me and let us commence. Thank you so much in anticipation of your positive response. Thank you very much.

$75 Chat With Writer
Financial Hub

ONLINE

Financial Hub

Hey, I have gone through your job posting and become very much interested in working with you.I can deliver professional content as per your requirements. I am a multi-skilled person with sound proficiency in the English language for being a native writer who worked on several similar projects of content writing and can deliver quality content to tight deadlines. I am available for both online and offline writing jobs with the promise of offering an incredibly responsive and supreme level of customer service. Thanks!

$75 Chat With Writer

Let our expert academic writers to help you in achieving a+ grades in your homework, assignment, quiz or exam.

Similar Homework Questions

Uc davis academic calendar - Nur 6531 - Pick one of the following terms for your research: collaboration, divisional structure, functional structure, horizontal structure, matrix structure, outsourcing, reengineering, teams, vertical linkages, or virtual team. - Aluminium work platform 900 x 490mm - What should costa vida's compensation strategy look like - Nani poem by alberto rios - Analyze OD consultant job description - Record the following transactions as journal entries - Usa today innovation and evolution in a troubled industry - The chimney sweeper theme statement - Cie direct support materials - Task 8 redo - Iwg formatted paper example - Indradrive m error codes - Dr bance and partners - Impaired tissue perfusion related to - I Need a ( 4500 words) on Ebook Description About Vegetarian Diet - Scu blackboard login - Www leedslearning net login govan family learning centre - Bank of ozarks mcdonough ga - Aes uses a feistel structure - Organic growth company is presently testing a number - Pre demolition audit example - Conor cruise o brien the siege - Prince charles palliative care - Cement business in ghana - Verilog code for 3 bit up down counter - Critically evaluate the development of leadership and management theories - Eddie de vere building nambour - New sat essay rubric - The big short themes - Nursing development plan - Religious study, reflection paper3 - Workstation domain risks - Harvey norman moore park - The joy of statistics by hans rosling worksheet answers - Finding forrester viewing guide answers - Dna replication model 3d - Writing exam for penn foster - Which of the following conditions distinguishes monopolistic competition from perfect competition? - Posing as a potential customer to competitors - Chemistry color by acid base - Ethical decision making paper - Lave and wenger situated learning pdf - Moral distress in nursing contributing factors outcomes and interventions - Quality Management - Miami regional university federal school code - Shadowprotect image manager download - Weathers thomas hardy analysis - Seattle fish market management book - 10000 reasons in chinese - Plate heat exchanger slideshare - Features of a newspaper article - Computer science - Coca cola company mission and vision statement - Tokyo shoseki's mathematics international pdf - Data flow diagram for recruitment process - Art Appreciation - Editing in baby driver - Juniper ssg 320m end of life - The product design group of iyengar electric supplies - Organizational Behavior concept ‘DIVERSITY’ at work place. - TOP BEST DEAL!!!!HAGER WERKEN +27839281381 EMBALMING COMPOUND POWDER - Using currents to sail around the world - Accounting - Mark twain the lowest animal questions - Zao shang hao response - Proj 587 week 5 case study - Iff mode 4 codes - Ny times what's going on in this graph - Nichole marie strazinsky cause of death - Hyperphysics phy astr gsu - IS331 COMPUTER NETWORKING - Playstation 4 error ws 37269 7 - Nude woman venus of willendorf - Los vendidos analysis - Prepare a balance sheet in good form - What role did lehman's executives play in the company's collapse - What is sr2 in multiple regression - Tokenization - Accounting homework case - 6 traits of writing examples - Mds business rules examples - Https www youtube com watch v lxxqla 5n5w - ARTICLE REVIEW - Lenovo recovery digital download service rdds - Explain the differences between capacity flow rate and demand - Writing tutor wesleyan - Dhashvanth name meaning in tamil - Little peter rabbit had a fly upon his nose lyrics - Lab building proteins from rna - Hypothesis Testing and Confidence Intervals - Leadership 3: Power in Organizations - William dawes midnight ride - Implementing change business case ldr 531 - Journal Article Summaries/Evaluations - Is textual integrity a technique - Titration of acids and bases lab report answers - Nanda nursing diagnosis for hiatal hernia - MK405 Unit 7 Discussion