A-1

VALLEY PUBLISHING COMPANY#111 - Central State Bank

12/31/20x2[Prepared by client]

Balance per bank, 12/31/x2 227,069 Add: Deposits in transit 33,224 Bank error - check paid by bank wasn't our check 7,784

41,008

268,077 Less: Outstanding checks

Check # Amount1720 Dec. 8 340 1790 Dec. 23 1,204 1793 Dec. 23 13,025 1794 Dec. 28 3,800 1795 Dec. 28 3,640 1797 Dec. 30 842 1798 Dec. 30 45 1800 Dec. 31 6,590 1801 Dec. 31 140,000

169,486

Balance per General Ledger, 12/31/x2 98,591

A-2

VALLEY PUBLISHING COMPANY#112 - Central State Bank - Payroll RB

12/31/20x2[Prepared by client] 1/16/x3

Balance per bank, 12/31/x2 2,000 C, U

Add: Deposits in transit 0 V

Less: Outstanding checks 0 V

Balance per general ledger 2,000 TB-1

T

T Footings checked

C Confirmed by bank, A-3

U Traced to the cut-off bank statement

V Auditor agrees that there are no deposits in transit or outstanding checks at year end.

All December deposits and checks per client's journal have cleared the December bank statement.

NOTE: Obtained bank statement cut-off through 1/12/x3 directly from the bank.

A review of the cut-off bank statement revealed that the only deposits during the cut-off period were

two transfers from account #111, which cleared the bank on Jan. 2, 20x3 and Jan. 6, 20x3, respectively.

NOTE: All checks were payroll checks dated January 2, 20x3 or route carrier checks dated January 6, 20x3.

All January 2 payroll checks cleared the bank with the cut-off statement except check #1429 to Alan

Thompson for $1,086. See A-7.

All January 6 route carrier checks cleared the bank with the cut-off statement.

NOTE: No other items were included with the cut-off bank statement.

A-4

VALLEY PUBLISHING COMPANY#113 - Albany National Bank

12/31/20x2[Prepared by client]

Balance per bank, 12/31/x2 135,270 Add: Deposits in transit 35,000

170,270

Less: Interest (3,170)

Balance per General Ledger, 12/31/x2 167,100

VALLEY PUBLISHING COMPANY#115 - Petty Cash

12/31/20x2

Fund counted by auditor with cashier, Ms. Mabel Styles:

CURRENCY: UNIT QUANTITY $ 20 4 $ 80.00 $ 10 2 $ 20.00 $ 5 3 $ 15.00 $ 1 22 $ 22.00

$ 137.00 COINS:

$ 0.25 60 $ 15.00 $ 0.10 40 $ 4.00 $ 0.05 20 $ 1.00 $ 0.01 100 $ 1.00

$ 21.00 CHECKS:

As of 1/2/x3: $ 1,086.00

$ 1,244.00 PETTY CASH VOUCHERS:

ACCOUNT PAYEE DATE AMOUNTMisc Expense City Ice 1/2/x3 $ 28.00 Supplies Apple Valley Supply 12/31/x2 $ 281.00 Repair & Maint City Welders 12/31/x2 $ 380.00 Newsprint Exp Motor Carriers 1/5/x3 $ 67.00

$ 756.00

TOTAL FUND BALANCE: $ 2,000.00

AJE 1 $ (1,747.00)Adjusted Balance $ 253.00

Mabel StylesX

431 Payroll $1,086835 Supplies $281846 Repair & Maint $380

115 Petty Cash $1,747

[W] Per Ms. Styles, a payroll advance was made to Alan Thompson, a reporter, on 12/30/x2 for the amount of his net

check. He covered the petty cash voucher with his payroll check #1429, on 1/2/x3. Mabel plans to cash the payroll

check when she next reimburses the petty cash fund.

T Totals checked. IA 2/10/15

X

Alan Thompson [petty cash voucher for $1,086, dated 12/31/x2 and marked 'PAID', attached]

The above fund was counted in my presence and returned to me intact on January 6, 20x3.

20x2 unrecorded disbursements. SEE AJE 1 IA 2/10/15

A-7

IA

2/10/15

Fund counted by auditor with cashier, Ms. Mabel Styles:

T

T

[W]

T

T

T TB-1

T

Mabel Styles

Per Ms. Styles, a payroll advance was made to Alan Thompson, a reporter, on 12/30/x2 for the amount of his net

check. He covered the petty cash voucher with his payroll check #1429, on 1/2/x3. Mabel plans to cash the payroll

check when she next reimburses the petty cash fund.

Totals checked. IA 2/10/15