Question #5) 2 Marks In October, you were hired as the new bookkeeper for a local...
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Question #5) 2 Marks In October, you were hired as the new bookkeeper for a local business. The previous bookkeeper unexpectly quit at the end of September. When performing your first bank reconciliation for the month ended September, you noticed that you couldn't get everything to balance. The issue seems to be a couple of cheques that cleared the bank account for $10,000 but don't have a corresponding ledger entry. Provide an explanation of what likely occurred and what actions you'd take Question #5) 2 Marks In October, you were hired as the new bookkeeper for a local business. The previous bookkeeper unexpectly quit at the end of September. When performing your first bank reconciliation for the month ended September, you noticed that you couldn't get everything to balance. The issue seems to be a couple of cheques that cleared the bank account for $10,000 but don't have a corresponding ledger entry. Provide an explanation of what likely occurred and what actions you'd take
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