Fill out the talble below indicating the most likely situation as it relates to

Question

Fill out the talble below indicating the most likely situation as it relates to cash at year-end. Indicate the situation using one of the following:

1.year-end total cash is properly stated. 2. year-end total cash is understated. 3, year-end total cash is overstated.

Check Number reply

2001

2002

6734

3580

2008

2009

4005

Check Bank Accounts Date Disbursed Date Deposited Number From To Amount Books Bank Books Bank 2001 City Bank 3rd National 60000 12/28 12/31 12/28 12/28 2002 City Bank Portland 80000 12/28 1/3 12/31 12/31 6734 1st City City Bank 42000 1/3 12/31 12/31 12/31 3580 Portland 3rd National 75000 1/3 1/4 12/30 12/30 2008 City Bank 3rd National 44000 12/31 1/5 12/31 1/3 2009 City Bank Portland 67000 1/1 12/31 1/1 12/31 4005 3rd National City Bank 33000 12/31 1/4 1/5 1/5

Explanation / Answer

1.if total cash is properly stated

Cheque NO Bank Year-end cash

2001 Citibank - -60000

3rd National 60000

2002 Citibak -140000

Portland 80000

6734 1st city -42000

Citibank -98000

3580 Portland 5000

3rd National 75000

2008 Citibank -142000

3rd National 119000

2009 Citibank -209000

Portland 72000

4005 3rd National 86000

Citibank -179000

2.If total cash is overstatedstated negative values are less negative and positive values are less positive(values==> year end cash)

3.if total cash is understated negative values are more negative and positive values are morepositive(values==> year end cash)

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