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: No deposits were in transit on April 30. a. Determine the amount of cash receipts stolen by the sales clerk. $ b. Daily reconciliation of the amount of cash receipts, comparing the to a receipt from the bank as to the amount deposited, like , would discourage theft of the cash receipts, as in the case of Pala Company