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6. On January 15,2024 , Garganta's warehouse containing raw materials was damaged by a flash flood. 7. During December 2023, the former president retired and
6. On January 15,2024 , Garganta's warehouse containing raw materials was damaged by a flash flood. 7. During December 2023, the former president retired and a new president was appointed. 8. Garganta suffered a loss from a former employee stealing cash from a deposit of cash sales in the first quarter of the year. The amount has been a reconciling item on the bank reconciliation ever since the theft. Garganta has not yet made any journal entry. Instructions Describe fully how each item above should be reported in the financial statements of Garganta for the year 2023
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