You are the senior auditor-in-charge of the July 31, 20X0, audit of Reliable Auto Parts, Inc. Your
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Your assistant shows you the working paper that she has prepared. Your review of your assistants work reveals that the dollar amounts of all the items in her working paper are correct. You learn that the accountant for Reliable Auto Parts, Inc., makes no journal entries for bank service charges or note collections until the month following the banks recording of the item. In addition, Reliables accountant makes no journal entries what-so-ever for NSF checks that are redeposited and cleared. Your assistants working paper appears below.
Prepare a corrected four-column proof of cash in good form for Reliable Auto Parts, Inc., for the month of April20X0.
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Principles of Auditing and Other Assurance Services
ISBN: 978-0078025617
19th edition
Authors: Ray Whittington, Kurt Pany
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