Chapter 8 Cash, Fraud, and internal Controls Shamara Systems most recently reconciled its bank balance on April 30 and tepe formation is ing at that time, No. 1771 for $781 and No, 1780 for $1,425.90. The folkowing ts May 31, 2017, neconciliation. is avalilable for From the May 31 Bank Statement S AND DEBITS DEPOSITS AND CREDITS 05/01 1771 78100 2.438.00 05/04 05/14 2.898.00 05/22 1801.80 05/257,35000 cM 05/262.07900 05/02 1783 382.50 0504 2 t28550 05/11 1784 1,449.60 431.80 NS 05/25 1787 8.032.50 05/26 1785 63.90 05/29 1788 654.00 05/31 14.00 SC From Shamara Systems's Accounting Records Cash Receipts Deposited Cash Disbursements 1782 1783 1784 1785 1786 1787 1788 1789 1,285.50 May4 14 2.898.00 1,801.80 2.079.00 2.27 30 382.50 449.60 63.90 353.10 8,032.50 644.00 639.50 12.850.60 26 31 11.944.10 Acct. No. 101 Date Explanatiorn PR Debit 16,083.80 Apr. 30 Balance May 31 Total receipts R7 11,944. 10 08 8,027.90 12.850.60 15,177.30 311 Total disbursements Additional Information Check No. 1788 is correctly drawn for $654 to pay for May utilities: however, the recordkeeper misread the amount and entered it in the accounting records with a debit to Uitilities Expense and a credit to Cash for $644. The bank paid and deducted the correct amount. The NSF check shown in the statement