Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Current Attempt in Progress The bank statement for Oriole Company indicates a balance of $1,970 on June 30. The cash balance per books had a

Current Attempt in Progress The bank statement for Oriole Company indicates a balance of $1,970 on June 30. The cash balance per books had a balance of $850 on this date. The following information pertains to the bank transactions for the company. 1. Deposit of $815, representing cash receipts of June 30, did not appear on the bank statement. 2. Outstanding checks totaled $420. 3. Bank service charges for June amounted to $40. 4. The bank collected a note receivable for the company for $1,550 plus $87 interest revenue. 5. An NSF check for $82 from a customer was returned with the statement. Prepare a bank reconciliation for June 30, ORIOLE COMPANY Bank Reconciliation

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

Step: 3

blur-text-image

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

More Books

Students also viewed these Accounting questions