White Construction Inc. has poor internal control. Recently, Fred White, the owner, has suspected the bookkeeper of stealing. Here are some details of the business's cash position at February 28, 2017: (Click on the icon to view additional information.) Requirement Begin by preparing the bank section of the bank reconciliation. Then, continue with the book section of the bank reconciliation. (Leave unused cells blank.) White Construction Inc. Bank Reconciliation February 28, 2017 BANK: Add: Less: BOOKS: Add: Choose from any list or enter any number in the input fields and then continue to the next question. Less: V. The bookkeeper Based on the above reconciliation, it appears the bookkeeper has stolen $ 1, the total of outstanding cheques by $ to cover the theft. The owner should a. The Cash account shows a balance of $10,418. This amount includes a February 28 deposit of $3,797 that does not appear on the February 28 bank statement. b. The February 28 bank statement shows a balance of $8,424. The bank statement lists a $220 bank collection, an $11 service charge, and a $32 NSF cheque. The bookkeeper has not recorded any of these items. c. At February 28, the following cheques are outstanding: Cheque No. Amount 154 256 111 147 832 210 d. The bookkeeper records all incoming cash and makes bank deposits. He also reconciles the monthly bank statement. Here is his February 28 reconciliation: $ 10,418 1,626 220 Balance per books, February.28 Add: Outstanding.cheques.......... Bank collection... Subtotal. Less: Deposits in transit ...... Service.charge. NSF cheque 12,264 3,797 11 (3,840) 8,424 Balance per bank, February. 28. $ Requirement White has requested that you determine whether the bookkeeper has stolen cash from the business and, if so, how much. He also asks you to explain how the bookkeeper has attempted to conceal the theft. To make this determination, you perform your own bank reconciliation. There are no bank or book errors. White also asks you to recommend any changes needed to prevent this from happening again. February 28, 2017 BANK: Adjusted bank balance Balance, February 28 Correction of bank error Deposit in transit BOOK Outstanding cheques BOOKS: Adjusted book balance Balance, February 28 Bank collection Correction of book error EFT collection - customer services NSF cheques Service charge