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problem: 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














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




Outstanding Checks:






NO. 8621







NO. 8623







NO. 8632













Subtract: Un-deposited Receipts






Balance per bank, June 30






Subtract: Unrecorded Credit






True Cash, June 30






Make a schedule showing how much the cashier embezzled.




Cost Accounting, Accounting

  • Category:- Cost Accounting
  • Reference No.:- M923506

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