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The president of The Pilgrim Company suspects the bookkeeper is embezzling cash from the company....

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Accounting

The president of The Pilgrim Company suspects the bookkeeper is embezzling cash from the company. She asks you, confidentially, to look over the bank reconciliation that the bookkeeper has prepared to see if you discover any discrepancies between the books and the bank statement. She provides you with the Cash account from the general ledger, the bank statement, and the bank reconciliation as of December 31. Data Table Data Table Pilgrim Company Bank Reconciliation December 31 Bal 12/13,7001.2771.8004,1602.550 Dec 1 Bank Books Balance, 12/31 $ 4,209 Balance, 12/31 S 9,48416243131 Total deposits Add Add Deposits in transit 2.620 EFT receipt from customer 58 EFT 586,829 Interest revenue 9,8499,546 Checks and other debits: Outstanding checks No.1880 No.1882 No.1883 No.1884 No.1885 No.1886 No.1887 No.1888 No.1889 NSF EFT 1845491204591.2851,3457302,4501,030462140770 No.1560 No.1901 No.1902 Book error $ 3,000840 NSF check 140169) EFT payment of utilities 770(3,910) $ 5,636 S 5,636 Adjusted bank balance Adjusted book balance Print Done (9,340) Total checks and other debits 4209 Bal 12/31 Explanations: EFT-electronic funds transfer, NSF-nonsufficient funds Print Done

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