Steve Cardoso is the owner of Cardoso Contractors, a successful small construction company. He spends...
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Steve Cardoso is the owner of Cardoso Contractors, a successful small construction company. He spends most of his time out of the office supervising work at various construction sites, leaving the operation of the office to the companys office managerbookkeeper Georgia Alberts. Georgia makes bank deposits, pays the companys bills, maintains the accounting records, and prepares monthly bank reconciliations. Recently a friend told Steve that while he was at a party he overheard Georgia bragging that she paid for her new clothes with money from the companys cash receipts. She said her boss would never know because he never checks the cash records. Steve admits that he does not check on Georgias work. He now wants to know if Georgia is stealing from him. He asks you to examine the companys cash records to determine whether she has stolen cash from the business and, if so how much. Your examination of the companys cash records reveals the following information:
Steve Cardoso is the owner of Cardoso Contractors, a successful small construction company. He spends most of his time out of the office supervising work at various construction sites, leaving the operation of the office to the companys office managerbookkeeper Georgia Alberts. Georgia makes bank deposits, pays the companys bills, maintains the accounting records, and prepares monthly bank reconciliations.
Recently a friend told Steve that while he was at a party he overheard Georgia bragging that she paid for her new clothes with money from the companys cash receipts. She said her boss would never know because he never checks the cash records.
Steve admits that he does not check on Georgias work. He now wants to know if Georgia is stealing from him. He asks you to examine the companys cash records to determine whether she has stolen cash from the business and, if so how much.
Your examination of the companys cash records reveals the following information:
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