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Blue Construction Inc has poor internal control Recently, Fred White the owner has suspected the bookkeeper of stealing Here are some details of the business's cash position at December 31, 2020 (Click on the icon to view additional information.) Requirements Requirement 1. Prepare the bank reconciliation. There are no bank or book errors Begin by preparing the bank section of the bank reconciliation. Then complete the book section of the bank reconciliation (Leave unused cells blank.) Blue Construction Inc. Bank Reconciliation December 31, 2020 BANK: Add Less BOOKS Add Choose from any list or enter any number in the input fields and then continue to the next question - X Additional Information tails as bei to et a. The Cash account shows a balance of $10,437. This amount includes a December 31 deposit of $3,805 that does not appear on the December 31 bank statement b. The December 31 bank statement shows a balance of $8,815. The bank statement lists a $260 bank collection, a(n) $13 service charge, and a $48 NSF cheque. The bookkeeper has not recorded any of these items c. At December 31, the following cheques are outstanding Cheque No. Amount bai blan 154 110 256 145 278 890 291 985 292 210 293 144 d. The bookkeeper records all incoming cash and makes bank deposits. He also reconciles the monthly bank statement. Here is his December 31 reconciliation: Balance per books, December 31 $ 10,437 Add: Outstanding cheques 1,984 Bank collection 260 Qurbate 12.00 -X Additional Information Cheque No. Amount 154 $ $ 110 256 145 278 890 291 985 292 210 293 144 d. The bookkeeper records all incoming cash and makes bank deposits. He also reconciles the monthly bank statement. Here is his December 31 reconciliation: Balance per books, December 31 $ 10,437 Add: Outstanding cheques 1,984 Bank collection 260 Subtotal 12,681 Less: Deposits in transit 3,805 Service charge 13 NSF cheque 48 (3,866) Balance per bank, December 31. $ 8,815 $ Print Done Blue Construction Inc. has poor internal control. Recently, Fred White, the owner, has su cash position at December 31, 2020: (Click on the icon to view additional information.) Requirements BANK: Adjusted bank balance, December 31 Balance, December 31 Correction of bank error Deposit in transit Outstanding cheques BOOK BOOKS: Adjusted book balance, December 31 Balance, December 31 Bank collection Correction of book error EFT collection-customer services NSF cheques Service charge usingss The bookke Based on the above reconciliation, it appears the bookkeeper has stolen the total of outstanding cheques by $ to cover the theft Requirement 3. Recommend to White any changes needed to prevent this from the difference between the adjusted bank and book amounts the difference between the bank and book amounts the sum of the adjusted bank and book amounts The owner should Choose from any list or enter any number in the input fields and then continue to the next question. Construction Inc. has poor internal control. Recently, Fred Whi position at December 31, 2020: (Click on the icon to view additional information.) quirements Less Requirement 2. Using the facts provided, identify the information that would be relevant to determining whether or not the bookk business Based on the above reconciliation, it appears the bookkeeper has stolen $ the total of outstanding cheques by to cover the theft immend to White any changes needed to prevent this from happening again overstated understated Choose from any list or enter any number in the input fields and then continue to the next question. irement 2. U: ess rmining whether or not the bookkeeper has d on the abov the allow the bookkeeper to continue the duties assign the bank reconciliation to another employee or do it himself give the bookkeeper more duties and responsibility split the bookkeeper's salary between the rest of the employees quirement 3. R lin owner should bose from any list or enter any number in the input fields and then continue to the next

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