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been recorded by Daisey. undeposited receipts in excess of $3,795.51. He then prepared the following bank reconciliation in an effort to conceal his theft of
been recorded by Daisey. undeposited receipts in excess of $3,795.51. He then prepared the following bank reconciliation in an effort to conceal his theft of cash. Instructions a. Prepare a correct bank reconciliation. (Hint: Deduct the amount of the theft from the adjusted balance per books.) Adjusted cash bal. $21,018.72 b. Indicate the three ways that Bret attempted to conceal the theft and the dollar amount involved in each method. c. What principles of internal control were violated in this case? Prepare a cash budget
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