ighmen fx A. B D 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 20Y3 that one of its sales clerks had stolen an undetermined amount of cash recei by taking the daily deposits to the bank. The following data have been gathered for October: Cash in bank according to the general ledger Cash according to the October 31, 20Y3, bank statement Outstanding checks as of October 31, 20Y3 Bank service charge for October Note receivable, including interest collected by bank in October $12,200 14,040 3,440 40 2,460

ighmen fx A. B D 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 20Y3 that one of its sales clerks had stolen an undetermined amount of cash recei by taking the daily deposits to the bank. The following data have been gathered for October: Cash in bank according to the general ledger Cash according to the October 31, 20Y3, bank statement Outstanding checks as of October 31, 20Y3 Bank service charge for October Note receivable, including interest collected by bank in October $12,200 14,040 3,440 40 2,460

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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