Answered step by step
Verified Expert Solution
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
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started