This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below.

Open spreadsheet

a. Determine the amount of cash receipts stolen by the sales clerk. fill in the blank 1 of 1$

b. What accounting controls would have prevented or detected this theft?

Using bank reconciliation to determine cash receipts stolen
Alaska Impressions Co. records all cash receipts on the basis of its cash register tapes. Alaska Impressions discovered during October 20Y3 that one of its sales clerks had stolen an undetermined amount of cash receipts by taking the daily deposits to the bank. The following data have been gathered for October:
DATA
Cash in bank according to the general ledger		$11,010
Cash according to the October 31, 20Y3, bank statement		13,410
Outstanding checks as of October 31, 20Y3		4,160
Bank service charge for October		40
Note receivable, including interest collected by bank in October		2,340
No deposits were in transit on October 31.
REQUIRED:
Determine the amount of cash receipts stolen by the sales clerk.
Using formulas and cell references from the problem data, perform the required analysis. Formulas entered in the green cells show in the orange cells. Transfer amounts to CNOWv2 for grading.