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Alaska Impressions Co. records all cash receipts on the basis of its cash register tapes. Alaska Impressions Co. discovered during October that one of its
Alaska Impressions Co. records all cash receipts on the basis of its cash register tapes. Alaska Impressions Co. discovered during October that one of its salesclerks had stolen an undetermined amount of cash receipts while taking the daily deposits to the bank. The following data have been gathered for October:
Cash in bank according to the general ledger | $9,015 |
Cash according to the October 31 bank statement | 20,825 |
Outstanding checks as of October 31 | 5,950 |
Bank service charge for October | 25 |
Note receivable, including interest collected by bank in October | 9,645 |
No deposits were in transit on October 31.
a. Determine the amount of cash receipts stolen by the salesclerk.
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