Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Presented below is information related to Oriole Inc. Balance per books at October 31, $119,266.37; receipts $494,543.14; disbursements $469,946.59. Balance per bank statement November 30,
Presented below is information related to Oriole Inc. Balance per books at October 31, $119,266.37; receipts $494,543.14; disbursements $469,946.59. Balance per bank statement November 30, $160,381.47. The following checks were outstanding at November 30. 1224 1230 1232 1233 $4,660.58 7,034.66 6,056.68 1,374.18 Included with the November bank statement and not recorded by the company were a bank debit memo for $78.09 covering bank charges for the month, a debit memo for $1,060.57 for a customer's check returned and marked NSF, and a credit memo for $3,990 representing bond interest collected by the bank in the name of Oriole Inc. Cash on hand at November 30 recorded and awaiting deposit amounted to $5,458.89. Prepare a bank reconciliation (to the correct balance) at November 30, for Oriole Inc. from the information above. (Enter answers to 2 decimal places, e.g. 125.62.) ORIOLE INC. Bank Reconciliation November 30
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered 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