Using Bank Reconciliation to Determine Cash Receipts StolenAlaska Impressions Co. records all cash receipts on the basis of its cash register tapes. Alaska Impressions Co. discovered during October that one of its salesclerks had stolen anundetermined amount of cash receipts while taking the daily deposits to the bank. The following data have been gathered for October:Cash in bank according to the general ledger$11,680Cash according to the October 31 bank statement13,275Outstanding checks as of October 313,670Bank 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.

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Using Bank Reconciliation to Determine Cash Receipts Stolen Alaska Impressions Co. records all cash receipts on the basis of its cash register tapes. Alaska Impression undetermined amount of cash receipts while taking the daily deposits to the bank. The following data hav Cash in bank according to the general ledger $11,680 Cash according to the October 31 bank statement 13,275 Outstanding checks as of October 31 3,670 40 Bank service charge for October Note receivable, including interest collected by bank in October 2,100 No deposits were in transit on October 31. a. Determine the amount of cash receipts stolen by the sales clerk.

Using Bank Reconciliation to Determine Cash Receipts Stolen Alaska Impressions Co. records all cash receipts on the basis of its cash register tapes. Alaska Impression undetermined amount of cash receipts while taking the daily deposits to the bank. The following data hav Cash in bank according to the general ledger $11,680 Cash according to the October 31 bank statement 13,275 Outstanding checks as of October 31 3,670 40 Bank service charge for October Note receivable, including interest collected by bank in October 2,100 No deposits were in transit on October 31. a. Determine the amount of cash receipts stolen by the sales clerk.

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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From the give Problem 2, What is the adjusted cash in bank on December 31?
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