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Constance Hermaine manages Springfield Manufacturing. Hermaine fears that a trusted employee has been stealing from the company. This employee receives cash from clients and also

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Constance Hermaine manages Springfield Manufacturing. Hermaine fears that a trusted employee has been stealing from the company. This employee receives cash from clients and also prepares the monthly bank reconciliation. To check up on the employee, Hermaine prepares her own bank reconciliation, as follows: (Click the icon to view the bank reconciliation.) Does it appear that the employee has stolen from the company? If so, how much? Explain your answer. Which side of the bank reconciliation shows the company's true cash balance? It appears the employee has The adjusted balance is the company's true cash balance, and the not stolen. stolen $ 1,250 stolen $ 1,150 stolen $ 1,450. A Bank reconciliation Springfield Manufacturing Bank Bank Reconciliation May 31, 2018 Books $ 4,200 Balance, May 31 Add: 700 Bank collections Balance, May 31 $ 4,120 Add: Deposits in transit 1,200 Interest revenue Less: Less: Outstanding checks (860) Service charge (40) Adjusted bank balance Adjusted book balance 5,290 Print Done Done

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