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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:
Cash in bank according to the general ledger $12,790
Cash according to the October 31, 20Y3, bank statement 14,380
Outstanding checks as of October 31, 20Y3 4,470
Bank service charge for October 50
Note receivable, including interest collected by bank in October 2,420
No deposits were in transit on October 31.
Required:
Determine the amount of cash receipts stolen by the sales clerk.
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Alaska Impressions discovered during October 20Y3 that one of its sales clerks had stolen an undeter...
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