Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1. The bank service charge for July was $19.00 2. The bank collected $1,640.00 for Oriole Company through electronic funds transfer 3. They 31 receipts

image text in transcribed
image text in transcribed
image text in transcribed
1. The bank service charge for July was $19.00 2. The bank collected $1,640.00 for Oriole Company through electronic funds transfer 3. They 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. 4. 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 record 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. Prepare the bank reconciliation as of July 31. (ist items that increase balance as per bank & books first.) ORIOLE COMPANY Bank Reconciliation Prepare a tabular analysis for the necessary adjustments at July 31. Include margin explanations for the changes in revenues and expenses. (If a transaction results for the particular Asset Liability or Equity item that was reduced. Round answer to 2 decimal places, e.g. 52.75.) Liabilities + Stockholders' Equity July 31 VIDEO SIMILAR PROBLEM VIDEO SIMILAR PROBLEM Prepare a tabular analysis for the necessary adjustments at July 31. Include margin explanations for the changes in revenues and expenses. (If a transaction res for the particular Asset, Liability or Equity Item that was reduced. Round answers to 2 decimal places, e.g. 52.75.) Assets Liabilities + Stockholders' Equity Aucts. Accts. Cash July 31 sales revenue Interest revenue Miscellaneous expense VIDEO: SIHILAR Bank charges expense 1. The bank service charge for July was $19.00 2. The bank collected $1,640.00 for Oriole Company through electronic funds transfer 3. They 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. 4. 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 record 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. Prepare the bank reconciliation as of July 31. (ist items that increase balance as per bank & books first.) ORIOLE COMPANY Bank Reconciliation Prepare a tabular analysis for the necessary adjustments at July 31. Include margin explanations for the changes in revenues and expenses. (If a transaction results for the particular Asset Liability or Equity item that was reduced. Round answer to 2 decimal places, e.g. 52.75.) Liabilities + Stockholders' Equity July 31 VIDEO SIMILAR PROBLEM VIDEO SIMILAR PROBLEM Prepare a tabular analysis for the necessary adjustments at July 31. Include margin explanations for the changes in revenues and expenses. (If a transaction res for the particular Asset, Liability or Equity Item that was reduced. Round answers to 2 decimal places, e.g. 52.75.) Assets Liabilities + Stockholders' Equity Aucts. Accts. Cash July 31 sales revenue Interest revenue Miscellaneous expense VIDEO: SIHILAR Bank charges expense

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Modern Auditing Study Guide

Authors: Walter G. Kell

4th Edition

0471619434, 978-0471619437

More Books

Students also viewed these Accounting questions

Question

Identify the components of communication.

Answered: 1 week ago