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

Unit VI Case Study

27/10/2020 Client: sarah Deadline: 7 Days

Unit VI Case Study Open



Instructions

Cookie Creations (Continued)

Part I

Natalie is struggling to keep up with the recording of her accounting transactions. She is spending a lot of time marketing and selling mixers and giving her cookie classes. Her friend John is an accounting student who runs his own accounting service. He has asked Natalie if she would like to have him do her accounting. 


John and Natalie meet and discuss her business. John suggests that he do the tasks listed below for Natalie.



  1. Hold cash until there is enough to be deposited. (He would keep the cash locked up in his vehicle). He would also take all of the deposits to the bank at least twice a month. 

  2. Write and sign all of the checks.

  3. Record all of the deposits in the accounting records.

  4. Record all of the checks in the accounting records.

  5. Prepare the monthly bank reconciliation.

  6. Transfer all of Natalie’s manual accounting records to his computer accounting program. (John would maintain all of the accounting information that he keeps for his clients on his laptop computer.)

  7. Prepare monthly financial statements for Natalie to review.

  8. Write himself a check every month for the work he has done for Natalie. 


For Part I of the assignment, identify the weaknesses in internal control that you see in the system that John is recommending. Can you suggest any improvements if Natalie hires John to do the accounting? 


Part I should be a minimum of two pages in length. Please use APA format. While there are no required resources, please be sure that any sources used have proper citations. 


Part II

Natalie decides that she cannot afford to hire John to do her accounting. One way that she can ensure that her cash account does not have any errors and is accurate and up-to-date is to prepare a bank reconciliation at the end of each month. Natalie would like you to help her. She asks you to prepare a bank reconciliation for June 2020 using the information below.


General Ledger Cookie Creations


Additionally, take the following information into account.



  1. On May 31, there were two outstanding checks: #595 for $238 and #604 for $297. 

  2. Premier Bank made a posting error to the bank statement: Check #603 was issued for $425, not $452.

  3. The deposit made on June 20 was for $125, which Natalie received for teaching a class. Natalie made an error in recording this transaction.

  4. The electronic funds transfer (EFT) was for Natalie’s cell phone use. Remember that she uses this phone only for business. 

  5. The NSF check was from Ron Black. Natalie received this check for teaching a class to Ron’s children. Natalie contacted Ron, and he assured her that she will receive a check in the mail for the outstanding amount of the invoice and the NSF bank charge. 


For Part II of the assignment, complete the tasks below. 



  • Prepare Cookie Creations’ bank reconciliation for June 30.

  • Prepare any necessary adjusting entries at June 30. 

  • If a balance sheet is prepared for Cookie Creations at June 30, what balance will be reported as cash in the Current Assets section? 


Part II can be completed in either Word or Excel. If you are completing Part II using Word, submit Parts I and II in one Word document. If you are completing Part II using Excel, upload Part I as a Word document and Part II as an Excel spreadsheet in Blackboard. 


Resources

The following resource(s) may help you with this assignment.

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.

$55 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!

$55 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

Business government and society a managerial perspective text and cases - Mental health - PEDS - National textile university faisalabad fee structure - Literacy narrative - 2011 economics hsc answers - What is the missing number in the sequence - Social networking site for social responsibility project - How to splice 8 strand rope - Fedex ground hr intranet reward & recognition - English is a crazy language lederer - Characteristics of the church - Nouns ending in ity - SPEECH 101 - Counseling coaching and mentoring leading marines answers - Bullet in the brain questions - Healthcare marketing essay - Humble oil field map - St jude international gala for hope - Keen and peele substitute teacher 3 - Week 1 Written Assignment - Voltage divider circuit using transistor - 4x4 caravan and camping show perth - Vanderbilt programs for talented youth - Preparation of benzoic acid from benzonitrile lab report - Case Studies W1D - The site of protein synthesis in the cell is ___________________________ - Sex offender register nsw - Professional Assignment 1 – CLO 1, C LO 2 - Discussion 1.2 - Jetblue airways ipo valuation excel - The phrase “memory without awareness” is another way of describing a pattern in which - Iso tech idm 203 - Agassi company uses a job order cost system - Combined gas law rearranged - Hard rock cafe forecasting case study - Case study 8 1 klm airlines - SUNDAY IS DUE - Life history interview essay - Questions(4) 75 words per question - Https lms seu edu sa webapps login - Xa fabulous child's story summary - Exam timed - Unlevered cost of equity - Ethics in law enforcement powerpoint - Expressions equations and inequalities test - In the painting white clouds over xiao - Elysium of the blue sky sheet music - Joe bidermann landscaping design inc - Zinc and hydrochloric acid lab - Form 18a tenancy agreement - Cy-p-11 - 44 plimsoll street sans souci - Managing the diverse workforce chapter 11 - Managerial Economics Discussion - Problem solving - True beauty farnham common - 0.606 as a fraction - Which of the following issues are raised by yasumasa morimura’s portrait (futago)? - As/nzs 2293.2 free download - The wreck of the hesperus - Assembly chart example - Example of situation irony - Forecasting excel assignment - Draft and Triggers: Nannie Doss - Alliteration romeo and juliet - Marketing and operations management at ikea - International communications in heat and mass transfer impact factor - Once upon a time family tree - Managing Organizational Cultural Change and Sustainability - St patricks church kogarah - Advertising media planning a brand management approach 4th edition - Ima goodenough evaluation presentation - Leadership vs followership - Internal environment factors in strategic management - Inter cultural business competence-- assignment 2 - Basis of design example - Marker assisted selection definition - History of Art through the Middle Ages (Project) - Nickel and dimed discussion questions - Christmas pass the parcel rhyme - Unisa accounting science modules - COP - Types of job redesign - Y x2 6x - Ben and jerry's harvard case study - Certainty and uncertainty in decision analysis - Nursing - Oxidation state of mno4 - Compensation advice of lump sum payments - Graph of sinx and cosx - A soft drink machine is regulated so that - Analysis on the Demand of Top Talent Introduction in Big Data and Cloud Computing Field in United States Based on 3-F Method - Rikki tikki tavi plot summary - For don m banned poem analysis - Devices that hurt sales at kodak crossword clue - Accounting Discussion Topic-----DUE TODAY - Clark ford watches prices in oman - Niddrie mill primary school edinburgh - Karvonen formula issa