Current Attempt in Progress When the accountant of Oriole Company prepared the bank reconciliation on May 31, 2021, there were three outstanding cheques: #690 for $305, #693 for $175, and #694 for $265. There were no deposits in transit as at May 31, 2021. The bank balance at May 31 was $17,660. The balance in the Cash account on the May 31, 2021, adjusted trial balance was $16,915. The following is selected information from the June bank statement: Date June 1 5 Cheques Cleared Cheque No. 690 709 693 710 712 6 13 20 Amount $305 3,255 175 1,485 4,355 465 1,785 23 119 24 711 Other Bank Account Transactions Date Amount Transaction June 3 $3,315 Deposit 10 5,375 Deposit 17 3,280 Deposit 24 2,136 Deposit 25 - 180 NSF cheque 27 -495 EFT insurance payment 30 -21 Service charge 30 40 Interest The NSF cheque was originally received from a customer, Massif Co., in payment of its account of $160. The bank included a $20 service charge for a total of $180. Information from the company's accounting records follows: Cash Receipts Date Amount June 2 $3,315 9 5,375 16 3,820 23 2,136 30 3,115 Date Cash Payments Cheque No. 708 709 June 5 5 19 711 712 Amount $2,905 3,255 1,785 4,535 3,055 3,855 19 27 713 714 27 Investigation reveals that cheque #712 was issued to purchase equipment and cheque #710 was issued to pay an account payable. All deposits are for collections of accounts receivable. The bank made one error: cheque #119 for Oriole Co. Ltd. was charged to Oriole's bank account. The company's policy is to pass on all NSF service charges to the customer. 00 Investigation reveals that cheque #712 was issued to purchase equipment and cheque #710 was issued to pay an account payable. All deposits are for collections of accounts receivable. The bank made one error: cheque #119 for Blossom Co. Ltd. was charged to Blossom's bank account. The company's policy is to pass on all NSF service charges to the customer. X Your answer is incorrect. Calculate the balance per bank statement at June 30 and the unadjusted Cash balance per company records at June 30. Unadjusted bank balance, June 30, 2021 $ Unadjusted cash balance, June 30, 2021 $ e Textbook and Media Prepare a bank reconciliation at June 30. (List items that increase balance as per bank & books first.) BLOSSOM COMPANY Bank Reconciliation June 30, 2021 Unadjusted bank balance $ 17644 Add Deposits in transit $ 3111 Error Blossom Co. cheque #119 36 3147 14497 Less : Outstanding cheques No. 694 v $ No. 708 No. 713 No. 714 Question 2 of 3 1.35/5 No. 714 Adjusted bank balance $ Unadjusted cash balance $ Add Interest $ Error in cheque #712 for Equipment Less Cheque #710 for Accounts Payable not recorded $ Error in June 17 deposit of Accounts Payable Loan payment EFT for insurance payment Question 2 of 3 1.35/5 III Interest Error in cheque #712 for Equipment Less Cheque # 710 for Accounts Payable not recorded $ Error in June 17 deposit of Accounts Payable Loan payment EFT for insurance payment Bank service charges Adjusted cash balance $ e Textbook and Media Prepare the necessary adjusting entries at June 30. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Debit Credit Date Account Titles and Explanation June Cash 30 Interest Revenue Equipment (To record interest earned & to correct error in cheque payment) June Accounts Receivable 30 Accounts Payable Accounts Receivable Bank Charges Expense Insurance Expense Cash (To record correction of deposit error, NSF cheque and other cash receipts and payments) X Your answer is incorrect. What balance would Blossom Company report as cash in the current assets section of its balance sheet on June 30, 2021? Cash balance on the June 30, 2021 e Textbook and Media Save for Later Last saved 12 hours ago. Attempts: 1 of 3 used Submit Answer Saved work will be auto-submitted on the due date