PRIN.OF AUDITING+OTHER...(LL) >CUSTOM<
PRIN.OF AUDITING+OTHER...(LL) >CUSTOM<
21st Edition
ISBN: 9781260824308
Author: WHITTINGTON
Publisher: MCGRAW-HILL HIGHER EDUCATION
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Chapter 5, Problem 23RQ
To determine

Explain the use of the prior year’s audit working papers as a reference to staff assistance during the current audit.

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Burson Enterprises' May 31 bank reconciliation shows deposits in transit of $850. The general ledger Cash in Bank account shows total cash receipts during June of $48,500. The June bank statement shows total cash deposits of $44,300 (including $1,500 from the collection of a note; the note collection has not yet been recorded by Burson). What amount of deposits in transit should appear in the June 30 bank reconciliation?
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Chapter 5 Solutions

PRIN.OF AUDITING+OTHER...(LL) >CUSTOM<

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