Sue Peters is the controller at Vroom, a car dealership. Dale Miller recently has been hired as

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Sue Peters is the controller at Vroom, a car dealership. Dale Miller recently has been hired as bookkeeper. Dale wanted to attend a class on Excel spreadsheets, so Sue temporarily took over Dale’s duties, including overseeing a fund for filling a car’s gas tank before a test drive. Sue found a shortage in this fund and confronted Dale when he returned to work. Dale admitted that he occasionally uses this fund to pay for his own gas. Sue estimated that the amount involved is close to $450.

Requirements

1. What should Sue Peters do?

2. Would you change your answer to the previous question if Sue Peters was the one recently hired as controller and Dale Miller was a well-liked, longtime employee who indicated that he always eventually repaid the fund?


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Related Book For  book-img-for-question

Financial and Managerial Accounting

ISBN: 978-0132497978

3rd Edition

Authors: Horngren, Harrison, Oliver

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