Is there anything odd about these two situations? (a) A check to Larson Electric Supply wasendorsed with “Larson Electric” above the signature of “Eloise Garfunkle.” (b) Numerous checkswere issued and dated December 25, January 1, and July 4.

Is there anything odd about these two situations? (a) A check to Larson Electric Supply wasendorsed with “Larson Electric” above the signature of “Eloise Garfunkle.” (b) Numerous checkswere issued and dated December 25, January 1, and July 4.

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter8: Fraud, Internal Controls, And Cash

Section: Chapter Questions

Problem 7TP: The bank reconciliation revealed that one deposit had cleared the bank two weeks after the date of...

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Question

Is there anything odd about these two situations? (a) A check to Larson Electric Supply was
endorsed with “Larson Electric” above the signature of “Eloise Garfunkle.” (b) Numerous checks
were issued and dated December 25, January 1, and July 4.

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