connection with the audit of the financial statements Janus Corporation ended December 31, 2020, you conducted a surprise count of undeposited receipts on December 2020, the last working day for the year. You conducted the count in the presence of the cashier wl accountability per general ledger was P 160,000. The following were revealed during the count: 97,680 880 Currencies and coins: Unused postage stamps (88 pieces at P 10 each) Checks: Date Jan. 21 Cash Dec. 19 Janus Corporation Dec. 27 Janus Corporation Dec. 28 Tiktok Corporation Payee Maker Cashier Cyborg Company Titan Corporation Janus Corporation 8,000 18,800 15,680 7,200 Office supplies paid out of receipts Repairs paid out of receipts Total per count 8,000 4,800 161,040
connection with the audit of the financial statements Janus Corporation ended December 31, 2020, you conducted a surprise count of undeposited receipts on December 2020, the last working day for the year. You conducted the count in the presence of the cashier wl accountability per general ledger was P 160,000. The following were revealed during the count: 97,680 880 Currencies and coins: Unused postage stamps (88 pieces at P 10 each) Checks: Date Jan. 21 Cash Dec. 19 Janus Corporation Dec. 27 Janus Corporation Dec. 28 Tiktok Corporation Payee Maker Cashier Cyborg Company Titan Corporation Janus Corporation 8,000 18,800 15,680 7,200 Office supplies paid out of receipts Repairs paid out of receipts Total per count 8,000 4,800 161,040
Auditing: A Risk Based-Approach (MindTap Course List)
11th Edition
ISBN:9781337619455
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter10: Auditing Cash, Marketable Securities, And Complex Financial Instruments
Section: Chapter Questions
Problem 21RQSC
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