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"Problem 75A Commor the ................... Generation of the WE SEOANE Problem 7-6 Oriol Company is a very profitable small business 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 yoba of Casher and bookkeepet. As a result, Bret Turrin handies il cash receipts, keeps the accounting records and prepare the monthly bank reconeros The balance per the bank statement on October 31, 2017, was $10.496.00. Outstanding checka were No. 62 for 5:62.00, No. 183 for 5:70,00, No. 264 for $258.00, No. 362 for $221.00, No. 63 for $260.00, and No. Be4 for $20.00 Included with the statement sa crede memorandum of $236.00 indicating the collection of note reclable for Orole Company by se bark on October 25. This memorandum has not been recorded by Oriole The company's ledger showed are Cash account the balance of 522,080.00. The balance included undeposited cash on hand. Because of the lack of internal controls, Bret book for personal use all of the undeposited recipes in excess of $3,934.00. He then prepared the following bank reconciliation in an effort to conceal his that of cash. Cath balance per books, October 31 $22.090.00 Add Outstanding checks No. 62 21.00 No. 169 10.00 No. 164 201.00 22.646.00 Lundepositede 3.99409 Unajuste balance per bank, October 18,732.00 La Bank credit memorandum 236.00 Casheeran statement, October 110.436.69