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Pala Co . records all cash receipts on the basis of its cash register tapes. Pala Co . discovered during April 2 0 Y 1
Pala Co records all cash receipts on the basis of its cash register tapes. Pala Co discovered during April Y that one of its sales clerks had stolen an undetermined amount of cash receipts when she took the daily deposits to the bank. The following data have been gathered for April:
Cash in bank according to the company records $
Cash according to the April Y bank statement
Outstanding checks as of April Y
Bank service charges for April
Note receivable, including interest collected by bank in April
No deposits were in transit on April
a Determine the amount of cash receipts stolen by the sales clerk.
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