The records of Reunion Company indicate a January 31 cash balance of $9,400, which includes undeposited receipts for January 30 and 31. The cash balance on the bank statement as of January 31 is $6,575. This balance includes a note of $4,000 plus $160 interest collected by the bank but not recorded in the journal. Checks outstanding on January 31 were as follows:

No. 370 $580
No. 379 $615
No. 390 $900
No. 1148 $225
No. 1149 $300
No. 1151 $750

On January 3, the cashier resigned, effective at the end of the month. Before leaving on January 31, the cashier prepared the following bank reconciliation:

Cash balance per books, January 31... $9,400
Add outstanding checks:
No. 1148... $225
No. 1149... $300
No. 1151... $750... 1,175

Total... $10,575
Less undeposited receipts... 4,000
Cash balance per bank, January 31... $6,575
Deduct unrecorded note with interest... 4,160
True cash, January 31... $2,415

Subsequently, the owner of Reunion Company discovered that the cashier had stolen an unknown amount of undeposited receipts, leaving only $1,000 to be deposited on January 31. The owner, a close family friend, has asked your help in determining the amount that the former cashier has stolen.

Interesting way to present a Bank reconciliation problem, you need to attempt your assignment yourself or state your problem