Can you help solve two problems in accounting

Can you help solve two problems in accounting

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Week 5

In the Cases & Projects section at the back of Chapter 8 in your textbook, find and complete the following problems:

CP 8-6 Internal Controls

CP 8-8 Bank reconciliation and internal control

CP 8-9 Cash to monthly case expenses ratio

Be sure to complete all steps and sections of each problem and show all your work. Clearly label your answers, and make sure your responses to sections with pencil icons are in complete sentences. Submit all your documentation for the problem to the dropbox for grading.

Week 7

In the Cases & Projects section at the back of Chapter 14 in your textbook, find and complete problem “CP 14-4 Present values.” Be sure to complete all steps and sections of the problem and show all your work. Clearly label your answers, and make sure your response to the pencil icon questions at the end of the problem are in complete sentences. Submit all your documentation for the problem to the dropbox for grading.

Solution Preview

Accounting Problems

CP 8-6 Internal Controls

Internal controls and procedures are instilled in a system to enable reliability and efficiency of a system. To maintain integrity and efficiency of the system, the organization has to follow some system procedures. The procedures include access control, separation of duties, physical audits and periodic reconciliation.

(439 words)