FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Hi, I have an assignment and I was asked to the audit
Assume you are the senior accountant on an audit engagement of a fictitious business, Pine Street Company (PSC). Assume the instructor is the engagement partner. You are to prepare a audit program for PSC. The firm manufactures and sells bicycles. The audit program must be in one of the following areas of the business:
Week 2 - Identify the components/sections of a cash audit program for PSC.
Date General Journal Debit Credit
Merchandise Inventory : $5,900
Account Payable Johns $5,900
Merchandise Inventory $330
Cash $330
Account Payable Johns $900
Merchandise Inventory $900
Account Payable Johns $5,000
Cash $4,900
Merchandise Inventory $100
Merchandise Inventory $ 12,250
Account Payable Johns $12,250
Account Payable Johns $3,250
Merchandise Inventory $3,250
Account Payable Johns $9,000
Cash $8,820
Merchandise Inventory $180
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