Question 2 of 5 > - 71 Bramble Company is a very profitable small business. It has not, however, given 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 cashier and bookkeeper. As a result, Bret Turrin handles all cash receipts, keeps the accounting records, and prepares the monthly bank reconciliations. The balance per the bank statement on October 31, 2020, was $18,620. Outstanding checks were No. 62 for $140.00, No. 183 for $187, No. 284 for $261.50, No. 862 for $211.40. No. 863 for $244.00, and No. 864 for $169.40. Included with the statement was a credit memorandum of $114.80 indicating the collection of a note receivable for Daisey Company by the bank on October 25. This memorandum has not been recorded by Daisey. The company's ledger showed one Cash account with a balance of $21.980.00. The balance included undeposited cash on hand. Because of the lack of internal controls, Bret took for personal use all of the undeposited receipts in excess of $3.770.00. He then prepared the following bank reconciliation in an effort to conceal his theft of cash. $21.980.00 Cash balance per books, October 31 Add: Outstanding checks No. 862 No. 863 $211.40 244.00 169.40 524.80 No. 864 22.504.80 Less: Undeposited receipts Unadjusted balance per bank, October 31 Less: Bank credit memorandum 3,770.00 18.734.80 114.80 37 DI to search Question 2 of 5 Prepareute TONTOWITI VAKTECONCILTON Tranen UrtLotoniceanus LTTEILUT LAST Cash balance per books, October 31 Add: Outstanding checks No. 862 $21,980.00 No. 863 $211.40 244.00 No. 864 169.40 524.80 22,504.80 3.770.00 Less: Undeposited receipts Unadjusted balance per bank, October 31 Less: Bank credit memorandum Cash balance per bank statement. October 31 18.734.80 114.80 $18,620 (a) Prepare a correct bank reconciliation. (Hint: Deduct the amount of the theft from the adjusted balance per books.) (Roun 2 decimal places, e.g. 52.75. List items that increase cash balance first. Reconcile cash balance per bank first.) BRAMBLE COMPANY Daliation Question 2 of 5 -/1 E BRAMBLE COMPANY Bank Reconciliation $ No. 62 > $ No. 183 No 284 No. 862 No. 863 V No. 864 P 1 WIN Type here to search -/1 No. 863 No. 864 > $ $ S e Textbook and Media Attempts 0 of 3used Smit Ans STAR Sforater