Question: The Jamison Cardstock Corporation did not spend a lot of time or money instituting proper internal controls over its cash transactions. The following data reflects Jamison's cash position as of June 30:
[A] The cash recorded on Jamison's accounting records disclosed a balance of $18,901.62 that also included un-deposited cash receipts.
[B] A credit of dollar 100 on bank statement was not recorded in the corporation's accounting records.
[C] The balance on bank statement was $15,550.
[D] Outstanding Checks:
|
Check Number
|
Amount
|
|
62
|
$116.25
|
|
183
|
$150.00
|
|
284
|
$253.25
|
|
8621
|
$190.71.
|
|
8623
|
$206.80
|
|
8632
|
$145.28
|
The corporation cashier embezzled all un-deposited cash receipts in excess of the $3,794.41 listed on bank reconciliation that she create, as shown next.
|
Balance, per books, June 30
|
$18,901.62
|
|
|
Add:
|
Outstanding Checks:
|
|
|
|
|
|
|
NO. 8621
|
$190.71
|
|
|
|
|
|
|
NO. 8623
|
$206.80
|
|
|
|
|
|
|
NO. 8632
|
$145.28
|
442.79
|
|
|
|
|
|
|
|
|
$19,344.41
|
|
|
|
Subtract: Un-deposited Receipts
|
|
|
3,794.41
|
|
|
|
|
Balance per bank, June 30
|
|
$15,550.00
|
|
|
|
|
|
Subtract: Unrecorded Credit
|
|
100.00
|
|
|
|
|
|
True Cash, June 30
|
|
$15,450.00
|
|
|
|
|
Make a schedule showing how much the cashier embezzled.