16 177 Washington Lane, Cherry Hill, NJ 08034 Trial BalanceSimply Soups Inc.PBC177 Washington Lane, Cherry Hill, NJ 08034Trial BalanceAs of December 31, 2013DebitCreditCash - Acct10001 Fifth Federal478,921.54A10002 Sparkasse-Frankfurt235,087.2910003 American NorthWest Bank144,019.8310004 BNY Federal477,832.1510005 Tenth National Bank301,015.1810006 Bank of Citizens348,701.601,985,577.59Accounts Receivable - AcctTick LegendThe sum of this balance was agreed into the Balance Sheet without exception, W. Downey (Intern)Prepared by clientSee the professor’s instructional guide for suggested details on each document. The Document is represented as EXHIBIT 1.
17 Cash Lead SheetTick LegendCash Lead Sheet TB Agreed to 12/31/2013 Trial Balance without exception.Simply Soups Inc PQ Agreed to 9/30/2013 Trial Balance without exception.As of December 31, PY Agreed to 12/31/2012 Trial Balance without exception.AccountBalance 12/31/13TBBalance 9/30/13PQChange from 9/30/13 to 12/31/13 ($)Change from 9/30/13 to 12/31/13 (%)Balance 12/31/12PYChange from 12/31/12 to 12/31/13 ($)Change 12/31/12 to 12/31/13 (%)10001Fifth Federal$478,922$492,531($13,610)-2.76%$489,120-$10,198-2.09%10002 Sparkasse-Frankfurt$235,087$229,791$5,2962.30%$231,686$3,4011.47%10003 American NorthWest Bank$144,020$151,675($7,655)-5.05%$149,277-$5,257-3.52%10004BNY Federal$477,832$462,403$15,4293.34%$469,513$8,3191.77%10005Tenth National Bank$301,015$311,653($10,638)-3.41%$316,987-$15,972-5.04%10006Bank of Citizen$348,702$309,243$39,45812.76%$311,785$36,91711.84%See the professor’s instructional guide for suggested details on each document. The Document is represented as EXHIBIT 2.
18 Bank Reconciliation Summary AccountBank Balance 12/31/13AReconciling ItemsBBook Balance 12/31/13TB10001Fifth Federal$508,219$29,298$478,92210002Sparkasse-Frankfurt$315,712$80,624$235,08710003American NorthWest Bank$121,987($22,033)$144,02010004BNY Federal$493,154$15,322$477,83210005Tenth National Bank$312,580$11,565$301,01510006Bank of Citizens$304,312($44,389)$348,702Tick LegendAgreed to 12/31/2013 Bank Statements without exception.Reconciling items were tested without exception, see Bank Test Documentation (Audit Step ).Agreed to 12/31/2013 Trial Balance without exception.See the professor’s instructional guide for suggested details on each deliverable. The Document is represented as EXHIBIT 3.
19 Bank Account Listing Bank Name Bank Address Bank Manager Account Name Account NumbersAuthorized SignerFifth Federal73 Union StreetNew York NY 10001George WilliamsCheckingLou JenningsSparkasse-FrankfurtLandstrasse Frankfurt DEHelga JonesAmerican NorthWest Bank234 Market Street Milwaukee WI 53202Richard JohnsonBNY Federal3621 Avenue De Lafayette Boston MA 02111Betty SmithSavingsTenth National Bank313 S. Chadwick Street Philadelphia PA 19103Greg FordhamBank of Citizens3621 Union Ave Denver CO 80220Denise BentleyProvides the students with the accounts that need to be confirmed through edu.Confirmation.com. All teams should enter the first 4 accounts. Students/teams doing the advanced confirmations will also set up the last 2 accounts. The Document is represented as EXHIBIT 4.
21 Confirmation Testing Workpaper Simply Soups Inc.As of December 31, 2013AccountReconciled Bank Balance as of 12/31/13 (per Client)AConfirmed Bank Balance as of 12/31/13 (per Bank)Differences Noted10001 Fifth Federal$508,219.3310002 Sparkasse-Frankfurt$315,711.7610003 American NorthWest Bank$121,987.1710004 BNY Federal$493,154.1210005 Tenth National Bank$312,580.2910006 Bank of Citizens$304,312.43Tick LegendA Balances were traced from Bank Reconciliation Testing Summary (WP 100-2).Deliverables and documentation of results; The Document is represented as Appendix B.See the professor’s instructional guide for suggested details on each deliverable.STUDENT WORKPAPER DELIVERABLE