Bank Reconciliation Stolen Receipts

PageNW2jOnline teachex C Solved ing bank reconciliatio X how.com/ilm/takeAssignment/takeAssignment Main.do?invoker=&take AssignmentSession locator=&inprogress false Using bank reconciliation to determine cash receipts stolen Alaska Impressions Co. records all cash receipts on the basis of its cash register tapes, Alaska Impressions discovered during October 2013 that one of its sales derks had stolet an undetermined amount of cash receipts by taking the daily deposits to the bank. The following data have been gathered for October Cash in bank according to the general ledger $12,060 Cash according to the October 31, 2013, bank statement 14,860 Outstanding checks as of October 31, 2013 4,920 Bank service charge for October Note receivable, including interest collected by bank in October 2,350 No deposits were in transit on October 31 50 This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below Open spreadsheet a. Determine the amount of cash receipts stolen by the sales clerk. Round your answer to the nearest dollar 5 b. What accounting controls would have prevented or detected this that Check My workmore Check My Women O BP 787400 on PM 101 5 / T U O P 7 B G H K