EBK AUDITING+ASSURANCE SERVICES
EBK AUDITING+ASSURANCE SERVICES
17th Edition
ISBN: 9780135171219
Author: ARENS
Publisher: PEARSON CO
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Chapter 23, Problem 20DQP

(a).

To determine

Determine bank reconciliation of both adjusted and unadjusted balance as per books

(b).

To determine

Record all the adjusting entries.

(c).

To determine

Determine the audit procedure that can be used to verify each in item of bank reconciliation.

(d).

To determine

Determine the cash balance on 31st July in financial statement.

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Baxter Sports Ltd. of Australia manufactures sporting equipment. One of the company's products, a rugby helmet for the European market, requires a special plastic. During the quarter ending September 30, the company manufactured 3,500 helmets, using 2,350 kilograms of plastic. The plastic cost the company $19,975. According to the standard cost card, each helmet should require 0.65 kilograms of plastic, at a cost of $8.25 per kilogram. According to the standards, what cost for plastic should have been incurred to make 3,500 helmets? How much greater or less is this than the cost that was incurred? Help
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