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Using Bank Reconciliation to Determine Cash Receipts Stolen Alaska Impressions Co. records all cash receipts on the basis of its cash register tapes. Alaska Impressions

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Using Bank Reconciliation to Determine Cash Receipts Stolen Alaska Impressions Co. records all cash receipts on the basis of its cash register tapes. Alaska Impressions discovered during October 20Y3 that one of its sales clerks had stolen an undetermined amount of cash receipts by taking the daily deposits to the bank. The following data have been gathered for October: Cash in bank according to the general ledger Cash according to the October 31, 20Y3, bank statement $8,365 19,325 5,520 25 Outstanding checks as of October 31, 20Y3 Dank service cherge for October Note receivable, including interest collected by bank in October8,950 No deposits were in transit on October 31 a. Determine the amount of cash receipts stolen by the sales clerk. b. What accounting controls would have prevented or detected this theft

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