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Unformatted text preview: There are no bank or book errors. 2. Explain how Johnson can improve the internal controls at San Diego Harbor Tours. San Diego Harbor Tours Bank Reconciliation As of September 30, 20xx Cash per Bank $4,300 Cash per Ledger $6,450 Add: Add: Deposit in Transit $3,000 3,000 Collection 200 200 Less: Less: Outstanding Checks 100 Service Charges-10 300 NSF Check-40 600 Missing Funds-500-550 200-1,200 Total $6,100 $6,100 The company should limit the cashier to compatible functions. For proper segregation of duties, the cashier should accept incoming payments only. The cashier should not take funds to the bank, write checks, record any transactions in the accounting records, and reconcile bank accounts....
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This note was uploaded on 11/08/2011 for the course ACC 101 taught by Professor Scottcazzad during the Spring '11 term at Jefferson College.
- Spring '11
- Financial Accounting