Homework answers / question archive / Question 3 of 4 -/2 View Policies Current Attempt in Progress 1

Question 3 of 4 -/2 View Policies Current Attempt in Progress 1

Accounting

Share With

Question 3 of 4 -/2 View Policies Current Attempt in Progress 1. 2. 3. On July 31, 2022 Oriole Company had a cash balance per books of $6,260.00. The statement from Dakota State Bank on that date showed a balance of $7,810.80. A comparison of the bank statement with the Cash account revealed the following facts. The bank service charge for July was $19.00. The bank collected $1,640.00 from a customer for Oriole Company through electronic funds transfer. The July 31 receipts of $1,319.30 were not included in the bank deposits for July. These receipts were deposited by the company in a night deposit vault on July 31. Company check No. 2480 issued to L. Taylor, a creditor, for $394.00 that cleared the bank in July was incorrectly entered in the cash payments Journal on July 10 for $349.00 5. Checks outstanding on July 31 totaled $1,989.10. 6. On July 31, the bank statement showed an NSF charge of $695.00 for a check received by the company from W.Krueger, a customer, on account 4. 5. (a) Prepare the bank reconciliation as of July 31. (List Items that increase balance as per bank & books first.) ORIOLE COMPANY Bank Reconciliation MacBook Air
ORIOLE COMPANY Bank Reconciliation $ $ $ Adjusted cash balance per books MacBook Air 80