Question $3$ of $3$

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The bank portion of the bank reconciliation for Oriole Company at October $31,2024,$ was as follows:

ORIOLE COMPANY Bank Reconciliation October $31,2024$

Cash balance per bank

Add: Deposits in transit

$$11\mathrm{.}922$

$1\mathrm{.}520$

$13,442$

Less: Outstanding cheques

#$2451$

$$1,400$

#$2470$

$860$

#$2471$

$787$

#$2472$

$473$

#$2474$

$1,010$

$4,530$

Adjusted cash balance per bank

$$8,912$

$-11$

The adjusted cash balance per barnk agreed with the cash balance per books at October $31.$ The November bank statement shower

Q SearchORIOLE COMPANY Bank Statement November $30,2024$

Cheques and Other Debits

Date

Number

Amount

Deposits

Amount

Oct. $31$

$$11,922$

Nov. $3$

$2470$

$$860$

$$1,520$

$12,582$

$4$

$2471$

$787$

$11,795$

$5$

$2475$

$1,641$

$1,158$

$11,312$

$6$

$2474$

$1,010$

$10,302$

$7$

$2476$

$2,910$

$990$

$8,382$

$10$

$2477$

$600$

$7,782$

$13$

$2,575$

$10,357$

$14$

$2479$

$1,750$

$8,607$

$18$

$2480$

$1,330$

$1,529$

$8,806$

$2\mathrm{.}966$

$11,772$

$2125$

NSF

$260$

$2,567$

$11,772$

$14,079$

$26$

$2481$

$695$

$13,384$

$27$

$1,650$

$15,034$

$28$

$2486$

$900$

EFT $2,490$

$16,624$

$28$

$2483$

$644$

$1,186$

$17,166$

$30$

LN

$2,250$

$14,916$

Additional information from the bank statement:

$1.$ The EFT of $$2,490$ is an electronic transfer from a customer in payment of its account. The amount includes $$60$ of inte that Oriole Company had not previously accrued.

$2.$ The NSF for $$260$ is a $$245$ cheque from a customer, Whispering Winds Holdings, in payment of its account, plus a $$15$ processing fee. The company's policy is to pass on all NSF service charges to the customer.

$3.$ The LN is a payment of a note payable with the bank and consists of $$250$ interest and $$2,000$ principal.

$4.$ At November $30,$ the cash balance per books was $$10,631.$ The bank did not make any errors. The cash records per bo November follow. Two errors were made by Oriole Company.

Cash Payments

Date

Cheque No$.$

Amount

Date

Cheque No$.$

Amount

Nov. $3$

$2475$

$$1,641$

Nov. $18$

$2482$

$$592$

$3$

$2476$

$2\mathrm{.}190$

$20$

$2483$

$644$

$4$

$2477$

$600$

$21$

$2484$

$822$

$6$

$2478$

$556$

$24$

$2485$

$949$

$8$

$2479$

$1,750$

$26$

$2486$

$900$

$10$

$2480$

$1,330$

$28$

$2487$

$1,270$

$14$

$2481$

$695$

Total

$$13,939$

Cash Receipts

Date

Amount

Nov. $3$

$$1,158$

$7$

$990$

$12$

$2,575$

$17$

$1\mathrm{.}529$

$20$

$2,699$

$24$

$2,567$

$24$

$27$

$28$

$30$

Total

$2,699$

$2,567$

$1,650$

$1,186$

$1,304$

$$15,658$

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Prepare a bank reconciliation at November $30.($List Items that increase balance as per bank & books first.$)$

ORIOLE COMPANY

Bank Reconciliation

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