Case 16-35 AP Detail

64 11729600 2 balance due 8831464 20561064 1 auditors

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Unformatted text preview: .64 $117,296.00 (2) Balance Due $88,314.64 $205,610.64 (1) Auditor's notes: (1) Agrees with accounts payable listing. (2) Goods received December 30, 2011, recorded on January 2, 2012. STATEMENT FROM REMINGTON SUPPLY Pinnacle Manufacturing Detroit, MI Amounts due as of December 31, 2011 Invoice No. 141702 142619 142811 143600 144927 Date 11/11/2011 11/19/2011 12/04/2011 12/21/2011 12/29/2011 (2) Amount $23,067.00 $12,000.00 $7,100.00 $27,715.24 $53,529.00 Balance Due $23,067.00 $35,067.00 $42,167.00 $69,882.24 $123,411.24 (1) Auditor's notes: (1) Agrees with accounts payable listing. (2) Goods shipped FOB Pinnacle Manufacturing on December 29, 2011, arrived at Pinnacle Manufacturing on January 4, 2012. STATEMENT FROM ADVENT SIGN MFG. CO. Pinnacle Manufacturing Detroit, MI Amounts due as of December 31, 2011 First progress billing per contract Second progress billing per contract Total due $51,750.00 $7,500.00 $59,250.00 (1) (2) Auditor's notes: (1) Agrees with accounts payable listing. (2) Progress payment due as of December 31, 2011, per contract for construction of new custom electric sign. Sign installation completed on January 15, 2012. STATEMENT FROM FULLER TRAVEL Pinnacle Manufacturing Detroit, MI Amounts due as of December 31, 2011 Invoice No. 84360110 84360181 84360222 84360291 Date 12/04/2011 12/12/2011 12/21/2011 12/26/2011 Amount $9,411.63 $9,411.63 $7,100.00 $13,646.85 (2) (2) (1) (2) Balance Due $9,411.63 $18,823.26 $25,923.26 $39,570.11 Auditor's notes: (1) Paid by Pinnacle Manufacturing on December 28, 2011. Payment in transit at year-end. (2) The total of these items of $32,470.11 agrees with accounts payable listing. FIGURE 16-10 Vendor Pinnacle Manufacturing Analysis of Trade Accounts Payable--December 31, 2011 Balance per Books Amount Confirmed by Vendor Difference: Books Over (Under) Amount Confirmed Misstatement in Related Accounts Misstatement Other Income Timing in Accounts Balance Sheet Statement Difference: No Payable o/s Misstatement Misstatement Brief Explanation Misstatement (u/s) o/s (u/s) o/s (u/s) Key Accounts (> $250,000) Fiberchem $793,049.89 $825,549.89 Accounts in stratum $50,001 - $250,000 Mobil Oil $93,210.48 Norris Industries $88,314.64 205,610.64 Remington Supply $123,411.24 $(32,500.00) $131,022.48 ($37,812) $(32,500.00) $123,411.24 $(32,500.00) -37,812 -117,296 F.O.B. Origin error Dr. Inv. Timing Difference- Shipment in transit ($117,296) $117,296 A/P not recorded for current period. Purchase- Dr. A/P- Credit $53,529 ($53,529) Pinnacle recorded F.O.B shipment that was not received. Purchases- Dr, A/P- Cr Accounts in stratum less than or equal to $50,000 Advent Sign MFG, Co. $51,750 $59,250 ($7,500) Fuller Travel $32,470 $39,570.11 -7,100.00 ($7,500) ($7,100) Cr. A/P ($7,500) Timing Difference- Payment in transit at year-end. C USNAM MR. ALAN'S STYLES. MARCOT DEVELOPMENT MONSEY PRODUCTS CO SALTON CREATIONS SHAWMUT HILLS RALEIGH USA BICYCLE % NTA INC D ES CHAMPS WHITE SAMUEL PLUMBING & HTG WORD PROC PUERTO RICO HOSP SPLY ELIZABETH FALLS PHYSICIAN SALES & SVC INC D ELTRON INC A TO Z WIDMAN DRILL CO HILL VIDEO CENTER MERRITT FROSST CANADA INC UNION SAT, INC. RIVER BUILDING SUPPLY ULTIMATE RESEARCH INC EVER...
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This document was uploaded on 01/26/2014.

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