Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Dr. Adam Mcgraw, a family physician in private practice, employs Jennie Kimber, Arthur Jones, and Maria Blake. Dr. Mcgraw is well-versed in office administration procedures and has divided the cash receipt responsibilities as follows. Kimber checks her mail and makes a three-part tally of the money she has received. Jones, the cashier, receives one copy of the list and deposits the receipts in the bank every day. Blake, the record keeper, obtains a copy of the list and enters money into the accounts of the patients. The office clerks have an expensive lunch once a month, which they pay for as follows. Jones first endorses and cashes a patient's check under Dr. Mcgraw's name at the bank. Kimber then shreds the check's accompanying remittance instruction. Finally, Blake records the payment as a miscellaneous credit on the customer's account. The three rationalize their actions by citing their low salaries and the fact that Dr. Mcgraw is unlikely to miss the money.
Required
1. Who in Dr. Mcgraw's office is most suited to reconcile the bank statement?
2. Would this office fraud be discovered by a bank reconciliation?
3. Make recommendations for additional internal controls that Dr. Mcgraw could use.
What gives rise to the recording of Goodwill on the financial statements of the Investor Company. What is the purpose of the annual evaluation of goodwill
How much of the material handling cost will be allocated to Assembly? What is the ABC allocation rate for supervision of direct labor?
The fair market value before the accident is $10,000, and the fair market value after is $500. If the insurance recovery is $9,500, what is Frank's adjusted basis in the automobile after the casualty?
Use 2017 indexed exclusion of $5,500,000. Based on your research of the tax code, what is the rationale for the gift and estate tax exclusion?
Of the inventory, 94% was sold by 30 June 2019.The remainder was sold by 30 June 2020. Prepare the acquisition analysis at 1 July 2018
There are three elements to the accounting equation: assets, liabilities, and stockholders' equity. Although other possibilities exist, five types of transactions are described here. For each of these five types, write descriptions of two transacti..
What accounting standard or corporate legality can the auditor quote to this CFO? Summarise this standard or corporate legality & the right paragraph.
roland carlson is the president founder and majority owner of thebeau medical corporation an emerging medical
baliga co. produces and sells high-quality audio equipment. to finance its operations baliga co. issued 18000000 of
july 31 ramirez company has the following bank information cash balance per bank 7420 outstanding checks 762 deposits
A small delivery truck was purchased on January 1 at a cost of $25,000. It has an estimated useful life of four years and an estimated salvage value of $5,000. Prepare a depreciation schedule showing the depreciation expense, accumulated depreciat..
Assuming no errors occurred during journalizing or posting, what caused this unusual balance
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd