Question 1 of 5

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The bank portion of last months bank reconciliation for Oriole Ltd. at February 28 was as follows:

ORIOLE LTD. Bank Reconciliation February 28
Cash balance per bank			$17,968
Add: Deposits in transit			3,137
			21,105
Less: Outstanding cheques
#3451			$1,951
#3470			2,145
Reconciled cash balance			$17,009

The reconciled cash balance per bank agreed with the reconciled cash balance per books after the bank reconciliation at February 28. The March bank statement showed the following:

ORIOLE LTD. Bank Statement March 31
Date			Description		Amounts Deducted from Account (Debits)		Amounts Added to Account (Credits)		Balance
Feb.	28		Opening balance						17,968
Mar.	1		Cheque, No. 3451		1,951				16,017
	1		Deposit				3,137		19,154
	2		Cheque, No. 3470		2,145				17,009
	4		Deposit				1,961		18,970
	9		Cheque, No. 3471		1,690				17,280
	10		Returned chequeNSF, J. Mustafa		870				16,410
	10		NSF fee		35				16,375
	15		EFT, loan payment		1,212				15,163
	19		Cheque, No. 3472		1,833				13,330
	26		Deposit				3,278		16,608
	31		EFT, collection on account from
			M. Boudreault				613		17,221
	31		Bank service charges and credit card fees		88				17,133

Orioles cash receipts and payments for the month of March showed the following:

Cash Receipts					Cash Payments
Date			Amount		Date			Number		Amount
Mar.	4		$1,961		Mar.	7		3471		$1,690
	26		3,278			15		3472		1,383
	31		3,983			29		3473		4,932

1.		The EFT loan payment should have been recorded by the company on March 15, but this entry was missed. The payment included $83 of interest and a $1,129 payment on the loan principal.
2.		The bank made an error processing cheque #3472.
3.		The EFT collection from M. Boudreault was not previously recorded.
4.		Bank service charges and debit and credit card processing fees totalling $88 were not previously recorded.