Your client calls you because they are going through bank feeds and have a problem. They have a transaction in bank feeds that they know has been entered in QuickBooks Online, but there is no suggested match. All of their other matches have been correct. They tried to find a match and still couldn't find it. What might have happened? (Select 2) The transaction was entered using the wrong date The transaction was entered using the wrong source account The transaction was already reconciled before it came through bank feeds The transaction was posted using the wrong target account

3 The following is a list of six control plans from this chapter or from Chapters 8 through 12. These are followed by a list of five system failures that have control implications. Match the five system failures with a control plan that would best prevent the system failure from occurring. Also, give a brief (one or two sentences) explanation of your choice. A letter should be used only once, with one letter left over. Control Plans A. Reconcile bank account B. Match invoice, PO, and receipt C. Tickler file of open POs and receiving reports D. Batch sequence check E. Procedures for rejected inputs F. Independent authorization to make payment System Failures 1. Pownal Company was sent an invoice for goods that were never received. The invoice was paid in full. 2. Dewey, Inc. has several vendors who do not send invoices in a timely manner. Terms for payment are based on dates that goods are received, and discounts are being lost due to the late receipt, entry, and payment of these…

What are the three different types of Check Fraud.What steps could you take to protect your customer and the bank from check fraud?

Match the five system failures with a control plan that would best prevent the system failure from occurring. Also, give a brief (one or two sentences) explanation of your choice. A letter should be used only once, with one letter left over.Control Plans Reconcile bank account Match invoice, PO, and receipt Tickler file of open POs and receiving reports Batch sequence check Procedures for rejected inputs Independent authorization to make payment System Failures Pownal Company was sent an invoice for goods that were never received. The invoice was paid in full. Dewey, Inc. has several vendors who do not send invoices in a timely manner. Terms for payment are based on dates that goods are received, and discounts are being lost due to the late receipt, entry, and payment of these invoices. Washington Company processes invoices in batches. The accounts payable program performs a three-way match of the invoice with the PO and receiving report. Those that match are recorded on the accounts…