=+Note receivable, including interest collected by bank in November 7,140.00 No deposits were in transit on November 30, which fell on a Sunday.

a. Using bank reconciliation, determine the amount of cash receipts stolen by the sales clerk.

b. What accounting controls would have prevented or detected this theft?

Illustrate the effect on the accounts and financial statements ofthe following transactions:

a. Established a petty cash fund of $ 1,000.