During your audit of miles company you prepared the

Assignment Help Accounting Basics

Reference no: EM13581501

During your audit of Miles Company, you prepared the following bank transfer schedule:
MILES COMPANY
Bank Transfer Schedule
December 31, 20X1
Date Date
Check Bank Accounts Disbursed Deposited
Number From To Amount Books Bank Books Bank
2020 1st Natl. Suburban $32,000 1/4 1/5 12/31 1/3
2021 1st Natl. Capital 21,000 12/31 1/4 12/31 1/3
3271 2nd State Suburban 6,700 1/3 1/5 1/3 12/30
0659 Midtown Suburban 5,500 12/30 1/5 12/30 1/3

b. Identify those transfers that should be investigated and explain the reason.

Reference no: EM13581501

Questions Cloud

Xyzhas a code section 754 election in effect and x sells : xyzhas a code section 754 election in effect and x sells her interest to w for 30000 cash. however the land was

This special order would have no effect on the companys : direct labor is a variable cost. the special order would have no effect on the companys total fixed manufacturing

Assume instead that the company discovered the errors after : error correction at the end of 2014 while auditing sandlin companys books before the books have been closed you find

Fillip corporation makes 4400 units of part u13 each year : fillip corporation makes 4400 units of part u13 each year. this part is used in one of the companys products. the

During your audit of miles company you prepared the : during your audit of miles company you prepared the following bank transfer schedule miles company bank transfer

An outside supplier has offered to make and sell the part : an outside supplier has offered to make and sell the part to the company for 23.60 each. if this offer is accepted the

Fontenot corporation was organized in 2011 and began : fontenot corporation was organized in 2011 and began operations at the beginning of 2012. the company is involved in

A wave on a string is described : a wave on a string is described bynbspdxt3.4cmtimesnbspsin2?x8.4mt0.20s1 where x is in m and t is in s.a in what

Capriati corporation commenced operations in early 2012 the : capriati corporation commenced operations in early 2012. the corporation incurred 60710 of costs such as fees to

User Account

All Pages