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Please do not cut off the answers when responding. Thank you! Please answer problem #15 part B, SHOWING ALL WORK ACCORDINGLY. Please do not cut

Please do not cut off the answers when responding. Thank you!
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Please answer problem #15 part B, SHOWING ALL WORK ACCORDINGLY. Please do not cut off the answers when posting. Thank you!
image text in transcribed
image text in transcribed
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Please answer problem 15 part B, SHOWING ALL WORK ACCORDINGLY ON ALL PARTS. Thank you! Oriole Company of Emporia, Kansas, spreads herbicides and applies liquid fertilizer for local farmers. On May 31, 2022, the company's Cash account per its general ledger showed a balance of $ 6,808.90. The bank statement from Emporia State Bank on that date showed the following balance EMPORIASTATE BANK Checks and Debits Deposits and Credits xxx xox Daily Balance 5-31 7.038.00 A comparison of the details on the bank statement with the details in the Cash account revealed the following facts. 1. 2 CA 4. The statement included a debit memo of $ 54.00 for the printing of additional company checks, Cash sales of $ 897.15 on May 12 were deposited in the bank. The cash receipts journal entry and the deposit slip were incorrectly made for $947.15. The bank credited Oriole Company for the correct amount Outstanding checks at May 31 totaled S294 25, and deposits in transit were $ 1894.15. On May 18, the company issued check No. 1181 for $683.00 to H. Moses, on account. The check, which cleared the bank in May, was incorrectly journalized and posted by Oriole Company for $ 638.00. $2.774.00 was collected from a customer note receivable by the bank for Oriole Company on May 31 through electronic funds transfer Included with the canceled checks was a check issued by Tomins Company to C. Pernod for S 346.00 that was incorrectly charged to Oriole Company by the bank On May 31 the bankstatement showed an NSF charge of $ 450.00 for a check issued by Sara Ballard, a customer to Oriole Company on account 5. 6. 7 Prepare the bank reconciliation at May 31 2022 (List items that increase balance as per bank & bools first. Round answers to 2 decimal places, eg. 5.275.50.) ORIOLE COMPANY Bank Reconciliation May 31, 2022 Cash balance per bank statement A 7.038.00 Add Deposits in transit $ 1,894.15 Bank error 346.00 2.240.15 9.278.15 Le Outstanding checks

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