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Q1) Records of Filippis Company point out a March 31 cash balance of 10,806.05 that comprises undeposited receipts for March 30 and 31. Cash balance on bank statement as of March 31 is 7,004.95. This balance comprises a note of 3,000 plus interest of 120.00 gathered by bank but not recorded in journal. Checks outstanding on March 31 were as follows: no. 670, 1,129.16; no.679,830.00; no.690,525.90; no.2148,127.40; no.2149,520.00; and no.2151,851.50 On March 3, cashier resigned, effective at end of month. Before leaving on March 31 cashier prepared this bank reconciliation: Cash balance per books, March 31 10,806.05 Add outstanding checks: No.2148 127.40 No.2149 520.00 No.2151 851.50 1,198.90 _________ 12,004.95 Less undeposited receipts 5,000 Cash balance per bank, March 31 7,004.95 Deduct unrecorded note with interest 3,120.00 True cash, March 31 3,884.95 Subsequently, owner discovered that cashier had stolen the unknown amount of undeposited receipts, leaving only 5,000 to be deposited. Find out amount the cashier stole in good form, how did cashier attempt to conceal theft?, Recognize two major weaknesses in internal control, suggest improvements in internal control. "

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