Current Attempt in Progress Crane Company is a very profitable small business. It has not, however, given much consideration to internal control. For example, in an attempt to keep clerical and office expenses to a minimum, the company has combined the jobs of cashier and bookkeeper. As a result, Bret Turrin handles all cash receipts, keeps the accounting records, and prepares the monthly bank reconciliations. The balance per the bank statement on October 31, 2022, was $19,643.00. Outstanding checks were No. 62 for $143.00, No. 183 for $172.00, No. 284 for $255,00, No. 862 for $199.00, No. 863 for $227.00, and No. 864 for $211.00. Included with the statement was a credit memorandum of $250 00 indicating the collection of a note receivable for Crane Company by the bank on October 25. This memorandum has not been recorded by Crane. The company's ledger showed one Cash account with a balance of $23,245.00. The balance included undeposited cash on hand. Because of the lack of internal controls, Bret took for personal use all of the undeposited receipts in excess of $3,859.00. He then prepared the following bank reconciliation in an effort to conceal his theft of cash. Cash balance per books, October 31 $23,245.00 Add: Outstanding checks No. 862 No. 863 No. 864 $199.00 227.00 211.00 507.00