Winfray Co. records all cash receipts on the basis of its cash register tapes. Winfray Co. discovered during January 2017 that one of its sales clerks had stolen an undetermined amount of cash receipts when she took the daily deposits to the bank. The following data have been gathered for January:

Note collection............................................................................. $ 2,500

Bank service charges ................................................................... 80

Interest earned............................................................................. 500

Outstanding cheques as of January 31, 2017 ........................... 6,450

Cash in the bank per the general ledger account ................... 31,000

Cash according to the January 31, 2017, bank statement ...... 36,938

There were no outstanding deposits on January 31, 2017.

Required

1. Determine the amount of cash receipts stolen by the sales clerk.

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