eeper of stealing. Here are some detalls of the business S Cash position at December 31, 2017 Additional Information a. The Cash account shows a balance of $10,430. This amount includes a December 31 deposit of $3,828 that does not appear on the December 31 bank statement. b. The December 31 bank statement shows a balance of $8,727. The bank statement lists a $270 bank collection, an $15 service charge, and a $52 NSF cheque. The bookkeeper has not recorded any of these items. c. At December 31, the following cheques are outstanding: Cheque No. Amount 118 154 $ 148 820 994 293 141 d. The bookkeeper records all incoming cash and makes bank deposits. He also reconciles the monthly bank statement. Here is his December 31 reconciliation: $ 10,430 1,922 270 12,622 Balance per books, December 31. ......... Add: Outstanding cheques.... Bank collection Subtotal. Less: Deposits in transit. Service charge NSF cheque Balance per bank, December 31 ...$ 3,828 15 52 $ (3,895) 8,727 Print Done Gray Construction Inc. has poor internal control. Recently, Frank Root, the owner, has suspected the bookkeeper of stealing. Here are some details of the business's cash position at December 31, 2017: (Click on the icon to view additional information.) Requirement Begin by preparing the bank section of the bank reconciliation. Then, continue with the book section of the bank reconciliation. (Leave unused cells blank.) Gray Construction Inc. Bank Reconciliation December 31, 2017 BANK: Add: Requirement Less: BOOKS Root has requested that you determine whether the bookkeeper has stolen cash from the business and, if so, how much. He also asks you to explain how the bookkeeper has attempted to conceal the theft. To make this determination, you perform your own bank reconciliation. There are no bank or book errors. Root also asks you to recommend any changes needed to prevent this from happening again. Add: Print Done Less: Based on the above reconciliation, it appears the bookkeeper has stolen $ V. The bookkeeper the total of outstanding cheques by $ to cover the theft. The owner should Choose from any list or enter any number in the input fields and then continue to the next question. Gray Construction Inc. has poor internal control. Recently, Frank Root, the owner, has suspected the bookkeeper of stealing. Here are some details of the business's cash position at December 31, 2017: A (Click on the icon to view additional information.) Requirement Begin by preparing the bank section of the bank reconciliation. Then, continue with the book section of the bank reconciliation. (Leave unused cells blank.) Gray Construction Inc. Bank Reconciliation December 31, 2017 BANK Add: L Less: BOOKS Add: Less: the difference between the adjusted bank and book amounts the difference between the bank and book amounts the sum of the adjusted bank and book amounts Based on the above reconciliation, it appears the bookkeeper has stolen | V. The bookkeeper V the total of outstanding cheques by $ to cover the theft. The owner should Choose from any list or enter any number in the input fields and then continue to the next question. Gray Construction Inc. has poor internal control. Recently, Frank Root, the owner, has suspected the bookkeeper of stealing. Here are some details of the business's cash position at December 31, 2017: A (Click on the icon to view additional information.) Requirement Begin by preparing the bank section of the bank reconciliation. Then, continue with the book section of the bank reconciliation. (Leave unused cells blank.) Gray Construction Inc. Bank Reconciliation December 31, 2017 BANK Add: Less: BOOKS Add: Less: Based on the above reconciliation, it appears the bookkeeper has stolen $ | V. The bookkeeper the total of outstanding cheques by $1 to cover the theft. The owner should Choose from any list or enter any number in the input fields and then continue to the next question. overstated understated Gray Construction Inc. has poor internal control. Recently, Frank Root, the owner, has suspected the bookkeeper of stealing. Here are some details of the business's cash position at December 31, 2017: A (Click on the icon to view additional information.) Requirement Begin by preparing the bank section of the bank reconciliation. Then, continue with the book section of the bank reconciliation. (Leave unused cells blank.) Gray Construction Inc. Bank Reconciliation December 31, 2017 BANK: Add: Less: BOOKS: Add: Less: Based on the above reconciliation, it appears the bookkeeper has stolen | V. The bookkeeper the total of outstanding cheques by si to cover the theft. The owner should Choose from any list or enter any number in the input fields and then continue to the next question. assign the bank reconciliation to another employer or do it himself allow the bookkeeper to continue the duties
