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A B Using bank reconciliation to determine cash receipts stolen C Aka Impressions Co. records all cash receipts on the basis of its cash
A B Using bank reconciliation to determine cash receipts stolen C Aka Impressions Co. records all cash receipts on the basis of its cash register tapes. Alaska Impressions discovered dug October 20Y3 that one of its sales clerks had stolen an undetermined amount of cash receipts by taking the daily 2 deposits to the bank. The following data have been gathered for October. B DATA 5 Cash in bank according to the general ledger $12,380 5 Cash according to the October 31, 20Y3, bank statement 14,150 7 Outstanding checks as of October 31, 20Y3 3,740 8 Bank service charge for October 50 9 Note receivable, including interest collected by bank in October 2,430 10 11 No deposits were in transit on October 31. REQUIRED: 12 13 14 Determine the amount of cash receipts stolen by the sales clerk. 15 Using formulas and cell references from the problem data, perform the required analysis. Formulas entered in the green cells show in the orange cells. Transfer amounts to CNOWV2 for grading. 16 17 18 Amount of cash receipts stolen by the sales clerk 19 20 21 Amount Formula E
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