Sheridan 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 31,2025 , was $19,694.00. Outstanding checks were No. 62 for $158.00, No. 183 for $182.00, No. 284 for $299.00, No. 862 for $200.00, No. 863 for $254.00, and No. 864 for $179.00. Included with the statement was a credit memorandum of $243.00 indicating the collection of a note receivable for Sheridan Company by the bank on October 25 . This memorandum has not been recorded by Sheridan. The company's iedger showed one Cash account with a balance of $23,487.00. The balance included undeposited cash on hand. Because of the lack of internal controls, Bret to k for personal use all of the undeposited receipts in excess of $4,053,00. He then prepared the following bank reconciliation in an effort to conceal his theft of cash. (a) Prepare a correct bank reconciliation. (Hint: Deduct the amount of the theft from the adjusted balance per books) (List items that eTextbook and Media - Save for Later Attempts: unlimited Submit