Calculate the following adjusted balances.

Cash		$41184
Accounts Receivable		$ 97430
Inventory		$ 167220
Accounts Payable		$ 130220
Notes Payable		$ 58200

Total Current Assets 307734

Total current Liability 188420

State the net effect of your adjustments on Oriole Companys retained earnings balance?

The current assets and current liabilities sections of the balance sheet of Oriole Company appear as follows. ORIOLE COMPANY BALANCE SHEET (PARTIAL) DECEMBER 31, 2020 Cash $ 41,700 Accounts receivable $96,400 Less: Allowance for doubtful accounts 7,080 89,320 Inventory 177,510 Prepaid expenses 8,980 $317,510 Accounts payable Notes payable $ 65,040 70,200 $135,240 The following errors in the corporation's accounting have been discovered: 1. 2. January 2021 cash disbursements entered as of December 2020 included payments of accounts payable in the amount of $43,500, on which a cash discount of 2% was taken. The inventory included $31,970 of merchandise that had been received at December 31 but for which no purchase invoices had been received or entered. Of this amount, $10,290 had been received on consignment; the remainder was purchased f.o.b.destination, terms 2/10,n/30. Sales for the first four days in January 2021 in the amount of $30,560 were entered in the sales journal as of December 31, 2020. Of these, $21,170 were sales on account and the remainder were cash sales. Cash, not including cash sales, collected in January 2021 and entered as of December 31, 2020, totaled $33,756. Of this amount, $21,756 was received on account after cash discounts of 2% had been deducted; the remainder represented the proceeds of a bank loan. 3. 4