helb please

Cullumber Company is a very profitable small business. It has not, however, diven 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 cashlee and bookkeeper. As a result, Bret Turrin handies all cash receipts keeps the accounting records and prepares the monthly bank reconciliations The batarice per the bank statement on October 31, 2022 was $18.844.00 Outstanding checks were No. 62 for $197.00. No 183 for 5178.00. No 284 for $26100 No.862 for $218.00: No. 863 for $244.00, and No 864 for $203.00. Included with the statement credit memorandum of $236.00 indicating the collection of a note receivable for Cullumber Company by the back on October 25. This memorandum has not been recorded by Cullumber The company steder showed one Cath account with a bance of $22.427.00 The balance included undepouted cathon tund Because of the lack of internal controls, Bret took for personal use all of the undeposited receipts in excess of $3.862.00. He then prepared the following bank reconciliation in an effort to conceal is theft of cash $22.427.00 Cash balance per books October 31 Acid: Outstanding checks No 362 $218.00 No. 863 24400 203100 515.00 No.864 22.942.00 3.862.00 Lese: Undeposited receipts Unadjusted balance per bank, October 31 19.080.00 236.00 Less Bank credit memorandum Cash balance per bank statement October 31 $18.844.00 (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 CULLUMBER COMPANY Bank Reconciliation $ 5 $