The following table lists some of the ways for a clerk to steal cash from a business. What are some ways that management can detect and prevent the theft from occurring? Can you think of any other ways that a clerk could steal cash? Ways to Prevent/Detect Theft Means to Steal Cash 1. Don't ring the sale on the cash register and pocket the cash. 1. Enter the sale on the register, and then void the sale and pocket the cash. 2. Enter a cash refund on the register and pocket the cash. 3. If more than one clerk uses the register, simply take the cash when no one is looking and hope that someone else will be blamed. 5.Other ways to steal? Bank Reconciliation Journal Entries Using the bank reconciliation presented below identify and journalize the necessary transaction to complete the bank reconciliation process. M4 Engineering Inc. Bank Reconciliation June 30 Cash balance according to bank statement $7,735 Add deposits in transit not recorded by bank 425 $8,160 Deduct outstanding checks 1.860 Adjusted balance $6.300 Cash balance according to company's records $4,098 Add: Note collected by bank, including $75 interest $2,475 Error in recording cash sales of $742 at $724 18 2.493 $6,591 Deduct: NSF check from Janice Smith $ 256 Bank service charges 291 Adjusted balance $6.300 35 Page GENERAL JOURNAL Description Date Debit Credit Post ref 1 2 3 4 5 6 7 8 9 10 11 12 13 1 2 3 4 5 6 7 8 9 10 11 12 13 ola Chart of Accounts Cash Accounts Receivable Notes Receivable Supplies Inventory Prepaid Insurance Prepaid Rent Office Equipment Accumulated Depreciation Accounts Payable Wages Payable Unearned Revenue . Common Stock Dividends Fees Earned Sales Cost of Goods Sold Depreciatio Expense Insurance Expense . Rent Expense Supplies Expense Utility Expense Wages Expense Bank Service Charge Interest Revenue Interest Expense