$ No for $ No for $ No for $ and No for $ Included with the statement was a credit memorandum of $ indicating the collection of a note receivable for Sandhill Company by the bank on October This memorandum has not been recorded by Sandhill.
The company's ledger showed one Cash account with a balance of $ The balance included undeposited cash on hand. Because of the lack of internal controls, Bret took for personal use all of the undeposited receipts in excess of $ He then prepared the following bank reconciliation in an effort to conceal his theft of cash.
Cash balance per books, October
$
Add: Outstanding checks
No
No
No
Less: Undeposited receipts
Unadjusted balance per bank, October
Less: Bank credit memorandum
Cash balance per bank statement, October
$
a Prepare a correct bank reconciliation. Hint: Deduct the amount of the theft from the adjusted balance per books.List items that
