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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
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 20 Y 3 that one of its sales derks had stolen an undetermined amount of cash receipts by taking the daily deposits to the bank. The following data have been gathered for October: No deposits were in transit on October 31 . Thls information has been ceffected in the Mierosolt Excel Online file. Open the spreadsheet, perform the reculred analysis, and input your ahowers in the questions below. Coen ipreadiheet a. Determine the amount of cash receipts stolen by the sales slerk, Round vouf answer to the nearest dollar: 4 Using bank reconciliation to determine cash receipts stolen Alaska Impressions C0, 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: No deposts were in transit on October 31. Using formulas and cell references, perform the required analysis, and input your answers into the Amount column Transter the numenc result for the green entry cell (C15) into the appropriate field in CNOWV2 for grading a. Determine the amount of cash receipts stolen by the sales clerk, Round your answer to the nearest dollar: b. What accounting cantrols would have prevented or detected this theft
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