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(Solved): Using bank reconciliation to determine cash receipts stolen Alaska Impressions Co, records all cash ...




Using bank reconciliation to determine cash receipts stolen
Alaska Impressions Co, records all cash receipts on the basis of
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 \( 20 \mathrm{Y} 3 \) 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 deposits were in transit on October 31 . This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below. Open spreadsheet a. Determine the amount of cash receipts stolen by the sales clerk.


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a.) Cash according to the October 31, 20Y3, bank statement $14,160 Outstanding checks as of October 31, 20Y3 ($4,280) Adjust
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