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Oriole's summary of cash receipts (which were all deposited) and summary of cheques (which were all mailed out to suppliers) for the month of May
Oriole's summary of cash receipts (which were all deposited) and summary of cheques (which were all mailed out to suppliers) for the month of May showed the following: Review Oriole's cash receipts summary and determine the amount of any deposits not recorded by the bank. These will be deposits in transit. (Hint: It can be useful to check off or cross out the deposits that appear on both the bank statement and the cash receipts summary because these will not be deposits in transit). Deposit in transit of May 31 The bookkeeper for Oriole Manufacturing Ltd. was trying to determine what items would be used in preparing the company's bank reconciliation that she is completing at May 31,2024, the end of the company's first month of operations. The company's bank statement showed the following: 27 Cheque, No.009 28 Cheque, No. 010 31 Bank service charges 2,345 2,161 47 8,908 6,747 6,700
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