Acct 1 Name: Registered Time: Chapter 7 Take-home Project, fall 2016-Accounting 1, Linda Hege, CPA 1. Identily the internal control procedures applicable to cash receipts in each of the ollowing cases 1. Identify the a. All cashiers are bonded. b. The treasurer compares the total cash receipts to the bank deposit daily C The bookkeeper records cash receipts which are held by the treasurer. d. Only the treasurer holds cash receipts e. Deposit slips are completed for each deposit. 2. Given the following information, determine the adjusted cash balance per books. a. Balance per books as of June 30, $9,300. b. Outstanding checks, $800 c. NSF check debit memo on statement, $130 d. Deposit of June 30, $300 not on bank statement. e. Check printing charges, $30 f. Interest earned on checking account, $40 3. Determine the adjusted cash balance per bank at August 31, 2015. (Not related to the question above) a. Cash balance per bank $7,450 b. outstanding checks $962; c. deposits in transit $1,700; and d. a bank service charge $20. 3. Prepare the journal entry to replenish the $200 petty cash fund of Kruger Company, when $10 remains in the petty cash box. Also in the box are receipts for freight-out, $60, postage, $105, and miscellaneous expense, $20 4. Identify which of the following reconciling items would require an adjusting entry to be made a. Deposits in transit totaled $2,000. b. A check written to the company for $415 by Cartography Company was returned NSF c. The bank charged the company $25 for printing checks d. Outstanding checks totaled $3,300 e. A debit memorandum reported an EFT of $178 to Salome Utlities