write my assignment 24358
Identify each of the following as related to (a) the control environment, (b) risk assessment, or (c) control procedures.
1. Mandatory vacationsSelect
a
b
c
2. Personnel policiesSelect
a
b
c
3. Report of outside consultants on future market changesSelect
a
b
c
Classify the following as either Current Assets (CA), Investments (I), or both (CA and I).
a. Trade ReceivablesSelect
CA
I
CA and I
b. Note Receivable due in 30 daysSelect
CA
I
CA and I
c. Interest Receivable on note due in 30 daysSelect
CA
I
CA and I
d. Note Receivable due in 2 yearsSelect
CA
I
CA and I
e. Five-year Note Receivable due in a series of equal annual paymentsSelect
CA
I
CA and I
_______________________________________________________________________
Current Assets section of a balance sheet using some or all of the following accounts:
Cash
Property, Plant, and Equipment
Accounts Receivable
Notes Receivable–90-day note
Merchandise Inventory
Allowance for Doubtful Accounts
Interest Receivable
Prepaid Advertising
Sales Returns and Allowances
Select Current Assets:
1.)
2.)
3.)
4.)
5.)
6.)
7.)
_______________________________________________________________________
Using the following information,do a bank reconciliation for Hydrope Co. for May 31, 2015.
- The bank statement balance is $3,712.
- The cash account balance is $3,790.
- Outstanding checks amounted to $850.
- Deposits in transit are $845.
- The bank service charge is $45.
- Interest added to the checking account by the bank is $15.
- A check drawn for $45 was incorrectly charged by the bank as $98.
___________________________________________________________
Do a bank reconciliation for Hydrope Co. for May 31, 2015.