Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Please asnwer problem #6, SHOWING ALL WORK ACCORDINGLY. Thank you! The following information pertains to Oriole Company 1 2 3. Cash balance per books. August
Please asnwer problem #6, SHOWING ALL WORK ACCORDINGLY. Thank you!
The following information pertains to Oriole Company 1 2 3. Cash balance per books. August 31, 57,374. Cash balance per bank, August 31, $ 7.338. Outstanding checks, August 31.5 692 August bank service charge not recorded by the depositor $44. Deposits in transit, August 31. 52.910. 4. 5. In addition, $ 2.226 collected for Oriole Company in August by the bank through electronic funds transfer. The accounts receivable collection has not been recorded Oriole Company Prepare a bank reconciliation at August 31, 2022 (List items that increase balance as per bank & books first.) ORIOLE COMPANY Bank Reconciliation For the Year Ended August 31, 2022 Cash balance per bank statement $ $ 7,338 Add VE Deposits in transit 2.910 10 248 Less V Outstanding checks 5PE Adjusted cash balance per bank $ 9.556 cash balance per books $ 07 Add M Collection on electronic funds transfer 2.228 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