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Unformatted text preview: Balance per audit 836541 ^ Footed C Confirmed with bank per (A-2). @ Agreed to beginning balance of cutoff bank statement. V Traced to cash receipts journal before year-end and to cutoff bank statement. R Traced to cash receipts journal before year-end and to cutoff bank statement. Observed and counted at year-end. Ref. (A-6). n Examined paid check clearing with cutoff bank statement and traced to cash disbursements journal for December 2003. X While examining paid checks clearing with the bank statement, I observed that check #1451 for $10,000 payable to Second National Bank was dated 12-30-03 cleared the bank on 1-03-04. This check should be listed as outstanding as of 12-31-03. See proposed AJE on working paper (A-5)....
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This note was uploaded on 11/01/2011 for the course ACCT 2301 taught by Professor Lewis during the Spring '09 term at Husson.
- Spring '09