Exam 8: Internal Control and Cash

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Which of the following would be subtracted from the balance per bank on a bank reconciliation?

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The bank statement for Farmer Co.indicates a balance of $7,735 on June 30.After the journals for June were posted,the cash account had a balance of $4,098.Prepare a bank reconciliation on the basis of the following reconciling items:​ The bank statement for Farmer Co.indicates a balance of $7,735 on June 30.After the journals for June were posted,the cash account had a balance of $4,098.Prepare a bank reconciliation on the basis of the following reconciling items:​

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When a firm uses internal auditors,it is adhering to which of the following internal control elements?

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