The owner of Handy Hardware has completed a bank reconciliation and cannot get the bank's records to agree with the cash records of his business. He concludes that internal control has somehow failed and cash is being misappropriated. He asks you to check the records and confirm or otherwise his suspicions. He supplies the reconciliation statement at the end of the last month, his cash records and the most recent bank statement. Last month's reconciliation statement is presented below. Bank Reconciliation Statement As at 31* May 2015 Balance per bank statement 30 April $4 328.90 Cr 2015 Add: Deposits in transit 1 224.50 Less: Unpresented Cheques 223.70 Balance per Cash at Bank account 31* $5 329.70 Dr May 2015 The total of the cash receipts for May was $64 776.30 and the total of the cash payments was $63 265.60. From the current bank statement, it was noted that the cheques presented and paid amounted to $59 725.10 and total deposits amounted to $64 780.60. There were also additional debits on the statement for a dishonoured cheque for $210 and account fees for $20. An examination of the records revealed that all reconciling items at 31 May 2015 appeared in the bank statement for June, unpresented cheques at 30 June totalled $7154.40 and that the 30 June deposit of $1950.40 had not been credited by the bank. Your check of the cash receipts and cash payments revealed that addition errors had been made by the clerks responsible. Receipts should have totalled $65 766.30 and payments should have totalled $63 185.60