Internal Control of Cash 393 Problem 5 As the food and beverage supervisor, your responsibility is...

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Internal Control of Cash 393 Problem 5 As the food and beverage supervisor, your responsibility is to reconcile the transactions for the day with the cash register readings. The following are the results of your check-out procedures for the bar: Register Readings: This shift's close Prior shift's close Sales $126,875.95 126,195.45 Sales Tax $6,343.80 6,309.77 There are no voids to consider for this shift. The change fund is on a $200 imprest system. The following are the contents of the cash drawer: Return of change fund Cash for deposit Bank credit cards Traveler's checks $200.00 620.00 29.36 50.00 In addition to register funds, there is a paid-out voucher of $12.76 for supplies. What is the cash shortage or overage for this shift? Problem 6 The Dorco Company has received its bank statement for the month ending May 31, which showed the following: Ending balance NSF check $10,650.05 63.40 Service charge 10.70 After checking the bank statement and accounting records, the accountant has determined the following: The May 31 cash balance per books is $10,781.76. The bank's service charge and an NSF check were not entered by the bookkeeper. A $354.60 deposit made on May 31 is not on the bank statement. Outstanding checks total $296.99. Prepare a bank reconciliation in proper format. Problem 7 Internal Control of Cash 393 Problem 5 As the food and beverage supervisor, your responsibility is to reconcile the transactions for the day with the cash register readings. The following are the results of your check-out procedures for the bar: Register Readings: This shift's close Prior shift's close Sales $126,875.95 126,195.45 Sales Tax $6,343.80 6,309.77 There are no voids to consider for this shift. The change fund is on a $200 imprest system. The following are the contents of the cash drawer: Return of change fund Cash for deposit Bank credit cards Traveler's checks $200.00 620.00 29.36 50.00 In addition to register funds, there is a paid-out voucher of $12.76 for supplies. What is the cash shortage or overage for this shift? Problem 6 The Dorco Company has received its bank statement for the month ending May 31, which showed the following: Ending balance NSF check $10,650.05 63.40 Service charge 10.70 After checking the bank statement and accounting records, the accountant has determined the following: The May 31 cash balance per books is $10,781.76. The bank's service charge and an NSF check were not entered by the bookkeeper. A $354.60 deposit made on May 31 is not on the bank statement. Outstanding checks total $296.99. Prepare a bank reconciliation in proper format. Problem 7

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