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Determine the amount of cash receipts stolen by sales clerk

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Reference no: EM132825539

Lasting Impressions Co. records all cash receipts on the basis of its cash register tapes. Lasting Impressions Co. discovered during April 2012 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 general ledger 10100
  •  Cash according to the April 30, 2012, bank statement 20900
  •  Outstanding checks as of April 30, 2012 7500
  • Bank service charge for April 100
  • Note receivable, including interest collected by bank in April 11000
  • No deposits were in transit on April 30.

Problem 1: Determine the amount of cash receipts stolen by the sales clerk.

Reference no: EM132825539

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