Do you think the employee has stolen from the company? Why or why not? If the employee has stolen, how much has been stolen? How could this kind of problem be prevented in the future?

1. The CFO of Gabe Corp. suspects that an employee has been stealing cash from the company. The employee is responsible for receiving cash from customers and posting the payments to the customer the employee, the CFO prepares his own bank reconciliation and comes up with the following: Gabe Differences Bank $3,900 Beginning balance (50) Service charges $4,000 Outstanding checks NSF Check from Customer Deposits in transit (100) 250 25 Interest earned $3,775 Total $3,450