Question 10 of 10 - / 4.5 Oriole Company is a very profitable small business. It has not, however, given much consideration to internal control. For example, in an attempt to keep clerical and office expenses to a minimum, the company has combined the jobs of cashier and bookkeeper. As a result, Bret Turrin handles all cash receipts, keeps the accounting records, and prepares the monthly bank reconciliations The balance per the bank statement on October 31, 2022, was $19.018.00. Outstanding checks were No. 62 for $150.00, No. 183 for $183.00, No. 284 for $250.00, No. 862 for $191,00, No. 863 for $244.00, and No. 864 for $209.00. Included with the statement was a credit memorandum of $203.00 indicating the collection of a note receivable for Oriole Company by the bank on October 25. This memorandum has not been recorded by Orlole. The company's ledger showed one Cash account with a balance of $22,533.00. The balance included undeposited cash on hand. Because of the lack of Internal controls, Bret took for personal use all of the undeposited receipts in excess of $3,836,00. He then prepared the following bank reconciliation in an effort to conceal his theft of cash Cash balance per books October 31 $22.533.00 Add: Outstanding checks No. 862 $191,00 No.863 244,00 No. 864 209.00 524.00 23,057.00 Less: Undeposited receipts 3,836.00 Unadjusted balance per bank, October 31 19.221.00 Less: Bank credit memorandum 203.00 Cash balance per bank statement, October 31 $19.01800 (a) Prepare a correct bank reconciliation. (Hint Deduct the amount of the theft from the adjusted balance per books.) (.ist items that increase balance as per bank & books forst.) ORIOLE COMPANY Bank Reconciliation A Pew 1 $ eTextbook and Media Save for Later Attempts: 0 of 6 used Sabit Anwer W MacBook Air