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I'm not sure that i solved this right can someone resolve it again. Thank you Gray Construction Inc. has poor internal control. Recently, Fred White,
I'm not sure that i solved this right can someone resolve it again. Thank you
Gray Construction Inc. has poor internal control. Recently, Fred White, the owner, has suspected the bookkeeper of stealing. Here are some details of the busness's cash position at May 31, 2017 (Click on the icon to viow additional information.) Reauirement Begin by preparing the bank section of the bank reconcilation. Then, continue with the book section of the bank reconc lation. (Loave unused cells blank.) Gray Construction Inc. Bank Reconciliation May 31, 2017 BANK: 8544 3830 12374 2413 9961 bank balance Add: Deposit in transit Requirement Less: Outstanding cheques White has requested that you determine whether the bookkeeper has stolen cash from the business and, 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. White also asks you to recommend any changes needed to prevent this from happening again. Balance, May 31 BOOKS: 10434 Adjusted book balance Add: Bank collection 290 10724 PrintDone Less Service charge NSF cheques (15 48 Balance, May 31 The bookkeeper understated the total of outstanding chequos by s 700 to cover the theft. The owner should Based on the above reconciliation, it appears the bookkeeper has stolen $ 700 assign the bank reconciliation to another employer or do it himsef the difference between the bank and book amounts Gray Construction Inc. has poor internal control. Recently, Fred White, the owner, has suspected the bookkeeper of stealing. Here are some details of the busness's cash position at May 31, 2017 (Click on the icon to viow additional information.) Reauirement Begin by preparing the bank section of the bank reconcilation. Then, continue with the book section of the bank reconc lation. (Loave unused cells blank.) Gray Construction Inc. Bank Reconciliation May 31, 2017 BANK: 8544 3830 12374 2413 9961 bank balance Add: Deposit in transit Requirement Less: Outstanding cheques White has requested that you determine whether the bookkeeper has stolen cash from the business and, 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. White also asks you to recommend any changes needed to prevent this from happening again. Balance, May 31 BOOKS: 10434 Adjusted book balance Add: Bank collection 290 10724 PrintDone Less Service charge NSF cheques (15 48 Balance, May 31 The bookkeeper understated the total of outstanding chequos by s 700 to cover the theft. The owner should Based on the above reconciliation, it appears the bookkeeper has stolen $ 700 assign the bank reconciliation to another employer or do it himsef the difference between the bank and book amountsStep by Step Solution
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