Mastery Problem Internal Control and Cash Murdstone, Inc., You ve just been hired as an accountant at Murdoto increr of supplies for arts and cats. See the previous accountant let his ponton suddenly the controller a Murder The has asked for Your ance in flag in some mig data for the company vary accounting records. You also be responsible for training the company now accounting inte Cash Short and Over The contraber has completed the accounts for the cash and sales acts of anuary 30, but needs to attend an important conferencen another ct. She has neuested that you prepare the count for the short and over count as of January 30 alto. You are told that the balance of the account is of the beginning of Banuary and that the company was om brohlam as that a company has only bank account which is identified in the Letras are the following accounts and then scroll down to complete the short and over account and the guestion that fit 500 De 1/1 1/12 123 30 Balance 5.500 1/2 tablety 2.733 6.330 3,270 4.450 20525 we 10 3. 18.30 Cash tort and Review the preceding Taccounts, and then complete the cash short and over Taccount and associated question that folloves it. Cash Short and Over Balance 1/1 Balance What will happen to the ending balance in the cash short and over account at the end of the accounting period? Petty Cash Murdstone, Inc. trued a check on January 2 to establish a putty cash fund of ss00, On January 31, the amount of cash in the petty cash fund i 1441. The company would like to the fund, based on the following summary of petty cash recept Amount on Account Receipt Office Supplies Miscellaneous Administrative Ebene The company policy to record any missing fun in the cut short and over tout The was preces proposed journey to scord the highetty cath und Date Description Debit Credit Jon Delly Cash SI Cash NE Cash 31 Prepare for your discussion with the Intern by joumalizing the correct entry for the replenisher of the petty cash fund. If an amount or does not in any, leave it blank Jan 21 Hank Reconciliation The company's accounting prepared the end ofnary bork conciliation from the bank want and cried because the adjusted balance amounts do not agree. Alter reviewing the retention code for the pain in the intern Murdstone, Inc. Bank Reconciliation January 31, 2015 Cashe according to bank want 122.557.0 dum Asti Deposit in transitors anuary 31 13.12.15 Deducti otstanding Checht 124 $69.00 und Check. 135 54.00 Ong Check 350.00 aldetucione 16.00 Adjustable Cachance to mont Add: Note and Interest collected by bank 15,250.75 Deduct Check returned because of insufficient funds $123.475.40) Bank service charge (250.00) Error in recording Check 123 (9.000,00) Total deduction (32.725.40) Anlalalaare $94.101.22 You to the intento check are mind that most of the death .todoller Art fotogalerie Site Correct in WN Inter's Corrected Itam Heconciliation Amount Cash balance cerdings ankstamant Yel Den treno outandine Che 124 Ordine Check 35 40 Outstanding Check133 Chih blant Check trans distan Danke Wartes 122 12458 ancome 5213500 WWW 5 Store Mastery Problem Internal Control and Cash Murdstone, Inc., You ve just been hired as an accountant at Murdoto increr of supplies for arts and cats. See the previous accountant let his ponton suddenly the controller a Murder The has asked for Your ance in flag in some mig data for the company vary accounting records. You also be responsible for training the company now accounting inte Cash Short and Over The contraber has completed the accounts for the cash and sales acts of anuary 30, but needs to attend an important conferencen another ct. She has neuested that you prepare the count for the short and over count as of January 30 alto. You are told that the balance of the account is of the beginning of Banuary and that the company was om brohlam as that a company has only bank account which is identified in the Letras are the following accounts and then scroll down to complete the short and over account and the guestion that fit 500 De 1/1 1/12 123 30 Balance 5.500 1/2 tablety 2.733 6.330 3,270 4.450 20525 we 10 3. 18.30 Cash tort and Review the preceding Taccounts, and then complete the cash short and over Taccount and associated question that folloves it. Cash Short and Over Balance 1/1 Balance What will happen to the ending balance in the cash short and over account at the end of the accounting period? Petty Cash Murdstone, Inc. trued a check on January 2 to establish a putty cash fund of ss00, On January 31, the amount of cash in the petty cash fund i 1441. The company would like to the fund, based on the following summary of petty cash recept Amount on Account Receipt Office Supplies Miscellaneous Administrative Ebene The company policy to record any missing fun in the cut short and over tout The was preces proposed journey to scord the highetty cath und Date Description Debit Credit Jon Delly Cash SI Cash NE Cash 31 Prepare for your discussion with the Intern by joumalizing the correct entry for the replenisher of the petty cash fund. If an amount or does not in any, leave it blank Jan 21 Hank Reconciliation The company's accounting prepared the end ofnary bork conciliation from the bank want and cried because the adjusted balance amounts do not agree. Alter reviewing the retention code for the pain in the intern Murdstone, Inc. Bank Reconciliation January 31, 2015 Cashe according to bank want 122.557.0 dum Asti Deposit in transitors anuary 31 13.12.15 Deducti otstanding Checht 124 $69.00 und Check. 135 54.00 Ong Check 350.00 aldetucione 16.00 Adjustable Cachance to mont Add: Note and Interest collected by bank 15,250.75 Deduct Check returned because of insufficient funds $123.475.40) Bank service charge (250.00) Error in recording Check 123 (9.000,00) Total deduction (32.725.40) Anlalalaare $94.101.22 You to the intento check are mind that most of the death .todoller Art fotogalerie Site Correct in WN Inter's Corrected Itam Heconciliation Amount Cash balance cerdings ankstamant Yel Den treno outandine Che 124 Ordine Check 35 40 Outstanding Check133 Chih blant Check trans distan Danke Wartes 122 12458 ancome 5213500 WWW 5 Store