Question: I got numbers 2-6 wrong on my test. I just want to see where I went wrong. Thank you :) tu upate counting EHFo, worldeom,
tu upate counting EHFo, worldeom, and others? scandals by Sarbanes OleyAc Separation of duties refers to: making each manager personally responsible for their department keeping functions across different departments separate ? x c. preventing top management and lower-level employees from interacting d. individuals who have physical responsibility for assets should not have access to accounting records. 3. Which of the following would not represent good controls over cash receipts? the employee that receives cash/checks should also deposit them in the bank a. record all cash receipts as soon as possible open mail each day and make a list of checks received with the amount verify cash receipts by comparing the bank deposit slip with accounting records. c. d. The following information is about Mooner Sooner Inc's cash balances at the end of 2017. Given this information what is the reconciled balance? Bank statement balance at December 31, 2017: $8,000 Book balance at December 31, 2017: $5,020 Checks outstanding: $5,800 Note collected by the bank $1,500 Service fee: $20 Deposits outstanding: $4,000 NSF check returned for $300 After preparing the bank reconciliation in #4 how would the note collected by the bank be recorded? Prepare the journal entry in proper form. 1500 CarSh 6. A company's cash balance is reported on which two financial statements? t In ome tmevnt, pandnce Shee
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