Identify each of the following as related to (a) the control environment, (b) risk assessment, or (c) control procedures. Mandatory vacationsSelect a...

Identify each of the following as related to (a) the control environment, (b) risk assessment, or (c) control procedures.

1. Mandatory vacationsSelect

a

b

c

2. Personnel policiesSelect

a

b

c

3. Report of outside consultants on future market changesSelect

a

b

c

Classify the following as either Current Assets (CA), Investments (I), or both (CA and I).

a. Trade ReceivablesSelect

CA

I

CA and I

b. Note Receivable due in 30 daysSelect

CA

I

CA and I

c. Interest Receivable on note due in 30 daysSelect

CA

I

CA and I

d. Note Receivable due in 2 yearsSelect

CA

I

CA and I

e. Five-year Note Receivable due in a series of equal annual paymentsSelect

CA

I

CA and I

_______________________________________________________________________

Current Assets section of a balance sheet using some or all of the following accounts:

Cash

Property, Plant, and Equipment

Accounts Receivable

Notes Receivable--90-day note

Merchandise Inventory

Allowance for Doubtful Accounts

Interest Receivable

Prepaid Advertising

Sales Returns and Allowances

Select Current Assets:

1.)

2.)

3.)

4.)

5.)

6.)

7.)

_______________________________________________________________________

Using the following information,do a bank reconciliation for Hydrope Co. for May 31, 2015.

1. The bank statement balance is $3,712.
2. The cash account balance is $3,790.
3. Outstanding checks amounted to $850.
4. Deposits in transit are $845.
5. The bank service charge is $45.
6. Interest added to the checking account by the bank is $15.
7. A check drawn for $45 was incorrectly charged by the bank as $98.

___________________________________________________________

Do a bank reconciliation for Hydrope Co. for May 31, 2015.