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Ninna Banks is responsible for recording cash disbursements, preparing checks and preparing
bank reconciliations for Miognet Corporation. While reconciling the November bank statement,
Mills noticed that several checks totaling $9,460 had been outstanding for more than one year.
Concluding that these checks would never be presented for payments, Banks prepared a check
for $9,460 payable to herself, forged the treasurers signature, and cashed the check. Banks made
no entry in the accounts for this disbursem

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  • 1. Ninna Banks is responsible for recording cash disbursements, preparing checks and preparing bank reconciliations for Miognet Corporation. While reconciling the November bank statement, Mills noticed that several checks totaling $9,460 had been outstanding for more than one year. Concluding that these checks would never be presented for payments, Banks prepared a check for $9,460 payable to herself, forged the treasurers signature, and cashed the check. Banks made no entry in the accounts for this disbursem