Using Bank Reconciliation to Determine Cash Receipts Stolen Pala Co. records all cash receipts on the basis of its cash register tapes. Pala Co. discovered during April 20Y1 that one of its sales clerks had stolen an undetermined amount of cash receipts when she took the daily deposits to the bank The following data have been gathered for April Cash in bank according to the company cash according to the April 30, 20Y1, bank statement Outstanding checks as of April 30, 20YL Bank service charges for April Note reccivable, including interest collected by bank in April No deposits were in transit on April 30 a. Determine the amount of cash receipts stolen by the sales clerk. records $19,555 28,175 12,100 75 3,710 b. Daily reconciliation of the amount of cash receipts, comparing the Pala Company to a receipt from the bank as to the amount deposited, like ,would discourage theft of the cash receipts, as in the case of