Reference no: EM132846432
Question - In the course of your audit of ANA, Inc.'s cash in bank for the year ended December 31, 2021, you ascertained the following information:
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November 30
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December 31
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Cash per books
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82,350
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201,425
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Cash per bank statements
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535,410
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689,085
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Undeposited collections
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41,005
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64,400
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Outstanding checks
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138,590
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150,560
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Bank service charges
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3,600
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3,000
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Insufficient fund check (note I)
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41,250
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Company's notes collected by the bank
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359,075
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404,500
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The bank statement and the company's cash records show the following totals:
Checks and debit memos per bank statement 1,091,865
Cash receipt per cash records ?
Cash disbursement per cash records ?
Deposits and credit memos per bank statement 1,245,540
Note I: The insufficient fund check was redeposited in the same month. No entries were made to take up the return and redeposit in the books.
Required -
1. What is the unadjusted book receipts in December?
2. What is the unadjusted book disbursements in December?
3. What is the adjusted book balance on November 30?
4. The adjusted bank disbursements in December should be?
5. What is the adjusted book balance on December 31?
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