tugas p3 cash

8/10/2019 Tugas P3 Cash

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30-Nov Receipts Disbursements 31-Dec

Per Bank Statement 15,200$ 125,400$ > 110,300$ > 30,300$

*

Outstanding ChecksNovember 30 (12,200)$ * (12,200)$ >

December 31 11,400$ (11,400)$

Deposit in Transit

November 30 9,000$ * (9,000)$

December 31 13,000$ 13,000$

900$ > > 900$

(2,400)$ > (2,400)$ >

Per Books 12,900$ 127,000$ 108,000$ 31,900$

* A

>

*

Non-Sufficient Fund Check

Redeposited

Bank error check errono-usly processed against

Markrich account

Agreed to ending balances per bank statement and beginning balances on bank statement for

subsequent months CH

Traced to December 19X2 cash receipts and deposit tickets and to January 19X3 bank statement CH

Examined the cancelled checks which were included with the January 19X3 bank cut-off statement CH

MARKRICH SPORTSWORLD, INC.

PROOF OF CASH-REGULAR CHECKING

DECEMBER 31, 19X2

Agreed to 12-31-x2 bank statement CH

Agreed to clients 11-30-X2 bank reconciliation CH

Disagreed to cash receipts and disbursements for December CH

Agreed to General Ledger balances CH

Traced to November cash receipts and December bank statement CH

A-5

CH

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Balance Per Bank Statement 1,410$

Less Outstanding Checks# 941 287$ j

# 950 443$ j

# 951 393$ j

# 959 287$ j

(1,410)$

Balance per Ledger 0

A

date per books date per bank date per books date per bank

Transfer from regular 12-30-X2 12-30-X2

to payroll account 12-30-X2 12-31-X2

9,087$ 9,087$ 9,087$ 9,087$

The payroll check transfer was properly recorded.

j


RECONCILIATION - PAYROLL ACCOUNT

DECEMBER 31, 19X2

PAYROLL TRANSFER

SUN UNITED SUPER BANK

Agreed to ending balance per December, 19X2 bank statement and to beginning balance per January

19X3 bank statement, CH

Examined cancelled checks which cleared with January 19X3 bank statement, CH

Agreed to bank statements for December 19X2, CH

Traced to Cash Disbursements (Check register) for December 19X2, CH

Traced to Cash Receipts for December 19X2, CH

A-7

CH

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Denomination Number Amount

Currency 10.00$ 8 80.00$

5.00$ 12 60.00$1.00$ 20 20.00$

Silver 0.50$ 8 4.00$

0.25$ 20 5.00$

0.10$ 30 3.00$

0.05$ 20 1.00$

173.00$

Unreimbursed petty cash vouchers

Date Payee Expense

December 19X2 UPS Parcel Post 10$December 19X2 Handy Shop Light Bulbs 10$

December 19X2 Handy Shop 7$

200$

A

Custodian Acknowledgement

The petty cash fund at $ 200 was counted in my presence on 12-31-19X2 and returned intact.

Ms. Nicole

Petty Cash Custodian

Examined Supporting Documents for unreimbursed expenses CH

Paper Supplies


PETTY CASH COUNT

DECEMBER 31, 19X2

A-9

CH

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Per Books Final

12-31-X2 12-31-X2

101 Sun United Regular 31,900$ A-5 31,900$

102 -$ A-7 -$

103 200$ A-9 200$

32,100$ 32,100$

TB-1

Based on the study of internal controls and the request of the audit tests

performed, it is my opinion that cash is fairly stated at December 31,

19X2. CH


PETTY CASH COUNT

DECEMBER 31, 19X2

Adjustments

A

CH

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Compatibility Report for p3.xls

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By Ref. Remarks

1 Review and evaluate internal controls for cash CH2 Trace sample transactions through the cash records CH

10 Trace beginning cash balances to prior year workpapers CH

Confirm all bank accounts by using the standard bank

confirmation forms3 CH

4Request cutoff bank statements approximately two weeks

after end of fiscal yearCH

Obtain or prepare year-end reconciliations of all bank

accounts, investigate all reconciling items, and trace to

appropiate accounts

5 CH A-5

Count all cash on hand and trace to appropriate accounts;

cash counts should be coordinated with inspection of all

other negotiable items

8 CH A-9

For selected test transactions, review cash records, foot, and

trace all postings to appropriate accounts6 CH

7Schedule and investigate all inter-bank transfers for one week

before and after fiscal year-endCH A-7

The payroll transfer was

the only transfer

Review all disbursements (in excess of $500) subse-quent to

year end; coordinate with audit program for accounts

payable

11 CH

9Review transactions in selected petty cash reimburse-ments;

coordinate review with count of cash fundsCH

December 31, 19X2


AUDIT PROGRAM

CASH

12 Ascertain proper presentation of cash in financial statement CH