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Corona Haines manages Harris Manufacturing. Haines fears that a trusted employee has been stealing from the company. This employee receives cash from clients and also
Corona Haines manages Harris Manufacturing. Haines 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, Haines 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 more cash on hand. Therefore, the books must be
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