Oriole Company is a very profitable small business. It has not, however, given much consideration to internal control. For example, in an attempt to keep clerical and office expenses to a minimum, the company has combined the jobs of cashier and bookkeeper. As a result, Bret Turrin handles all cash receipts, keeps the accounting records, and prepares the monthly bank reconciliations. The balance per the bank statement on October 31, 2022, was $18,496.00. Outstanding checks were No. 62 for $162.00, No. 183 for $170.00, No. 284 for $258.00, No. 862 for $221.00, No. 863 for $260.00, and No. 864 for $205.00. Included with the statement was a credit memorandum of $236.00 indicating the collection of a note receivable for Oriole Company by the bank on October 25. This memorandum has not been recorded by Oriole. The companys ledger showed one Cash account with a balance of $22,090.00. The balance included undeposited cash on hand. Because of the lack of internal controls, Bret took for personal use all of the undeposited receipts in excess of $3,934.00. He then prepared the following bank reconciliation in an effort to conceal his theft of cash.

Cash balance per books, October 31				$22,090.00
Add: Outstanding checks
No. 862		$221.00
No. 863		260.00
No. 864		205.00		576.00
				22,666.00
Less: Undeposited receipts				3,934.00
Unadjusted balance per bank, October 31				18,732.00
Less: Bank credit memorandum				236.00
Cash balance per bank statement, October 31				$18,496.00

(a) Prepare a correct bank reconciliation. (Hint: Deduct the amount of the theft from the adjusted balance per books.) (List items that increase balance as per bank & books first.)

ORIOLE COMPANY Bank Reconciliation choose the accounting period October 31, 2022For the Month Ended October 31, 2022For the Year Ended October 31, 2022
select an opening name for section one Balance per bank statementAdjusted balance per bankUndeposited receiptsOutstanding checksBank credit (collection of note receivable)Theft					$enter a dollar amount
select between addition and deduction AddLess:	select a reconciling item Balance per bank statementAdjusted balance per bankUndeposited receiptsOutstanding checksBank credit (collection of note receivable)Theft				enter a dollar amount
					enter a subtotal of the two previous amounts
select between addition and deduction AddLess:	select a reconciling item Balance per bank statementAdjusted balance per bankUndeposited receiptsOutstanding checksBank credit (collection of note receivable)Theft
	select a Check Number No. 62No. 63No. 183No. 184No. 284No. 285No. 862No. 863No. 864		$enter a dollar amount
	select a Check Number No. 62No. 63No. 183No. 184No. 284No. 285No. 862No. 863No. 864		enter a dollar amount
	select a Check Number No. 62No. 63No. 183No. 184No. 284No. 285No. 862No. 863No. 864		enter a dollar amount
	select a Check Number No. 62No. 63No. 183No. 184No. 284No. 285No. 862No. 863No. 864		enter a dollar amount
	select a Check Number No. 62No. 63No. 183No. 184No. 284No. 285No. 862No. 863No. 864		enter a dollar amount
	select a Check Number No. 62No. 63No. 183No. 184No. 284No. 285No. 862No. 863No. 864		enter a dollar amount
					enter a total amoutn for this reconciling item
select a closing name for section one Balance per bank statementAdjusted balance per bankUndeposited receiptsOutstanding checksBank credit (collection of note receivable)Theft					$enter a total amount for the first section
select an opening name for section two Cash balance per booksAdjusted balance per books (before theft)Adjusted balance per booksUndeposited receiptsOutstanding checksBank credit (collection of note receivable)Theft					$enter a dollar amount
select between addition and deduction AddLess:	select a reconciling item Cash balance per booksAdjusted balance per books (before theft)Adjusted balance per booksUndeposited receiptsOutstanding checksBank credit (collection of note receivable)Theft				enter a dollar amount
select a reconciling item Cash balance per booksAdjusted balance per books (before theft)Adjusted balance per booksUndeposited receiptsOutstanding checksBank credit (collection of note receivable)Theft					enter a subtotal of the two previous amounts
select between addition and deduction AddLess:	select a reconciling item Cash balance per booksAdjusted balance per books (before theft)Adjusted balance per booksUndeposited receiptsOutstanding checksBank credit (collection of note receivable)Theft				enter a dollar amount
select a closing name for section two Cash balance per booksAdjusted balance per books (before theft)Adjusted balance per booksUndeposited receiptsOutstanding checksBank credit (collection of note receivable)Theft					$enter a total amount for the second section