The bookkeeper of Leggit has disappeared. There is no cash in the till and theft is suspected. It is known that the cash balance at the beginning of the year was $240. Since then, total sales have amounted to $41,250. Credit customers owed $2,100 at the beginning of the year and owe $875 now. Cheques banked from credit customers have totalled $24,290. Expenses paid from the till receipts amount to $1,850 and cash receipts of $9,300 have been lodged in the bank. How much has the bookkeeper stolen during the period? A $7,275 B $9,125 C $12,155 D $16,575
The bookkeeper of Leggit has disappeared. There is no cash in the till and theft is suspected. It is known that the cash balance at the beginning of the year was $240. Since then, total sales have amounted to $41,250. Credit customers owed $2,100 at the beginning of the year and owe $875 now. Cheques banked from credit customers have totalled $24,290. Expenses paid from the till receipts amount to $1,850 and cash receipts of $9,300 have been lodged in the bank. How much has the bookkeeper stolen during the period? A $7,275 B $9,125 C $12,155 D $16,575
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The bookkeeper of Leggit has disappeared. There is no cash in the till and theft is suspected. It is known that
the cash balance at the beginning of the year was $240. Since then, total sales have amounted to $41,250.
Credit customers owed $2,100 at the beginning of the year and owe $875 now. Cheques banked from credit
customers have totalled $24,290. Expenses paid from the till receipts amount to $1,850 and cash receipts of
$9,300 have been lodged in the bank.
How much has the bookkeeper stolen during the period?
A $7,275
B $9,125
C $12,155
D $16,575
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