Blossom Company is a very profitable small business. It has not, however, given much consideration to internal control. For example, in an attempt to keep clerical and office expenses to a minimum, the company has combined the jobs of cashier and bookkeeper. As a result, Bret Turrin handles all cash receipts, keeps the accounting records, and prepares the monthly bank reconciliations. The balance per the bank statement on October 31, 2022, was $20,171.00. Outstanding checks were No. 62 for $153.00, No. 183 for $179.00, No. 284 for $259.00, No. 862 for $226.00, No. 863 for $265.00, and No. 864 for $211.00. Included with the statement was a credit memorandum of $218.00 indicating the collection of a note receivable for Blossom Company by the bank on October 25. This memorandum has not been recorded by Blossom The company's ledger showed one Cash account with a balance of $23,732.00. The balance included undeposited cash on hand. Because of the lack of internal controls, Bret took for personal use all of the undeposited receipts in excess of $3,905.00. He then prepared the following bank reconciliation in an effort to conceal his theft of cash. Cash balance per books, October 31 $23.732.00 Add: Outstanding checks No. 862 $226,00 No.863 265.00 No. 864 211.00 562.00 24.294.00 Less: Undeposited receipts 3,905.00 Unadjusted balance per bank. October 31 20.389.00 Less: Bank credit memorandum 218.00 Cash balance per bank statement: October 31 $20.171.00 (a) Prepare a correct bank reconciliation. (Hint: Deduct the amount of the theft from the adjusted balance per books.) (List Items that Increase balance as per bank & books first.) BLOSSOM COMPANY Bank Reconciliation S $ e Textbook and Media Sasaforte Attempts: unlimited Submit Answer BLOSSOM COMPANY Bank Reconciliation October 31, 2022 For the Month Ended October 31, 2022 For the Year Ended October 31, 2022 > $ Balance per bank statement Adjusted balance per bank Undeposited receipts Outstanding checks Bank credit (collection of note receivable) Theft v $ v Vs > $ No. 62 No. 63 No. 183 No. 184 No. 284 No. 285 No. 862 No. 863 No. 864