Business, 18.03.2021 01:40 naenae1405

Pala Co. records all cash receipts on the basis of its cash register tapes. Pala Co. discovered during April 20Y1 that one of its sales clerks had stolen an undetermined amount of cash receipts when she took the daily deposits to the bank. The following data have been gathered for April: Cash in bank according to the company records $7,345 Cash according to the April 30, 20Y1, bank statement 16,965 Outstanding checks as of April 30, 20Y1 4,850 Bank service charges for April 20 Note receivable, including interest collected by bank in April 7,860 No deposits were in transit on April 30. a. Determine the amount of cash receipts stolen by the sales clerk.

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Pala Co. records all cash receipts on the basis of its cash register tapes. Pala Co. discovered duri...

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