Alaska Impressions Co. records all cash receipts on the basis of its cash register tapes. Alaska Impressions discovered during October 20Y3 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:Line Item DescriptionAmountCash in bank according to the general ledger$11,680Cash according to the October 31, 20Y3, bank statement13,275Outstanding checks as of October 31, 20Y33,670Bank service charge for October40Note receivable, including interest collected by bank in October2,100No deposits were in transit on October 31.a. Determine the amount of cash receipts stolen by the sales clerk.fill in the blank 1 of 1$

a. Determine the amount of cash receipts stolen by the sales clerk. $4,135Explanation:Bank…

Answered: Alaska Impressions Co. records all cash…

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter5: Internal Control And Cash

Section: Chapter Questions

Problem 5.5.2C

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Alaska Impressions Co. records all cash receipts on the basis of its cash register tapes. Alaska Impressions discovered during October 20Y3 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:

Line Item Description	Amount
Cash in bank according to the general ledger	$11,680
Cash according to the October 31, 20Y3, bank statement	13,275
Outstanding checks as of October 31, 20Y3	3,670
Bank service charge for October	40
Note receivable, including interest collected by bank in October	2,100