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On July 31,2019,Oriole Company had a cash balance per books of $6,260.00. The statement from Dakota State Bank on that date showed a balance of
On July 31,2019,Oriole Company had a cash balance per books of $6,260.00. The statement from Dakota State Bank on that date showed a balance of $7,810.80. A comparison of the bank statement with the Cash account revealed the following facts. 1. The bank service charge for July was $19.00. 2. The bank collected $1,640 for Oriole Company through electronic funds transfer. 3. The July 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 Company check No. 2480 issued to L. Taylor, a creditor, for $394.00 that cleared the bank in July was incorrectly entered as a cash payment on July 10 for $349.00. Checks outstanding on July 31 totaled $1,989.10. 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. 4. 5. 6. Prepare the bank reconciliation as of July 31. (List items that increase baiance as per bank& books first. Round answers to 2 decimal places, eg. 52.75.) ORIOLE COMPANY Bank Reconcillation
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