Latihan Soal

Chapter 8: Sarbanes-Oxley, Internal Control, and Cash

1. Sebutkan dan jelaskan apa yang dimaksud dengan Control Procedures!

2. Apakah perusahaan perlu melakukan monitoring? Jika perlu, apakah tujuannya?
3. Apa yang dimaksud dengan Cach short and Over?

Soal Praktika
Soal 1
The actual cash received during the week ended October 31 for cash sales was $23,447.00
and the amount indicated by the cash register total was $23,457.00. Journalize the entry to
record the cash receipts and cash sales.

Soal 2
Using the following information, prepare a bank reconciliation for Cole Co. for May 31, 2011:

(a) The bank statement balance is $2,936.

(b) The cash account balance is $3,194.
(c) Outstanding checks amounted to $465.
(d) Deposits in transit are $655.
(e) The bank service charge is $50.
(f) A check for $97 for supplies was recorded as $79 in the ledger.

Soal 3
The bank statement for Gatlin Co. indicates a balance of $7,735.00 on June 30, 2010. After
the journals for June had been posted, the cash account had a balance of $4,098.00. Prepare a
bank reconciliation on the basis of the following reconciling items:

(a) Cash sales of $742 had been erroneously recorded in the cash receipts journal as
$724.
(b) Deposits in transit not recorded by bank, $425.00.
(c) Bank debit memo for service charges, $35.00.
(d) Bank credit memo for note collected by bank, $2,475 including $75 interest.
(e) Bank debit memo for $256.00 NSF (not sufficient funds) check from Janice Smith,
a customer.
(f) Checks outstanding, $1,860.00.