Question 3 View Policies Current Attempt in Progress The bank portion of the bank reconciliation for Oriole Company at October 31, 2022, is shown below. ORIOLE COMPANY Bank Reconciliation October 31, 2022 Cash balance per bank $12,507.90 Add: Deposits in transit 1,530.20 14,038.10 Less: Outstanding checks Check Number Check Amount 2451 $ 1,260.40 2470 684.20 2471 844.50 2472 427.80 2474 1,050.00 |_4,266.90 Adjusted cash balance per bank $9,771.20 The adjusted cash balance per bank agreed with the cash balance per books at October 31. The November bank statement showed the following checks and deposits. Bank Statement Checks Deposits Amount Date 1 1-1 11-4 Date 11-1 11- 2 11-5 11-4 11-8 11-10 11-15 11-18 11-27 11-28 11-30 11-29 Number 2470 2471 2474 2475 2476 2477 2479 2480 2481 SC Amount $684.20 844.50 1,050.00 1,640.70 2,830.00 600.00 1,750.00 1,330.00 695.40 11-8 11-13 11-18 11-19 EFT 11-21 11-25 11-28 $1,530.20 1,211.60 990.10 2,575.00 1.472.70 2,362.00 2,945.00 2,567.30 1,650.00 1,186.00 92.75 11-30 2483 18,489.90 575.50Total 940.00 $13,033.05 Total The cash records per books for November showed the following Cash Payments Journal Cash Receipts Journal Amount Date Number Amount Date Amount 11-3 $575.50 821.75 11-7 Number 2475 2476 2477 2478 2479 2480 974.80 Date 11-1 11-2 11-2 11-4 11-8 11-10 11-15 11-18 11-12 2483 2484 2485 2486 2487 2488 940.00 $1,640.70 11-20 2,830.00 11-22 600.00 11-23 538.20 11-24 1,705.00 11-29 1,330.00 11-30 695.40 Total 612.00 11-17 $1,211.60 990.10 2,575.00 1,472.70 2,954.00 2,567.30 1,650,00 398.00 800.00 11-20 11-24 11-27 2481 $14,461.35 2482 11-29 1,186.00 11-30 1.444.00 16,050.70 Total The bank statement contained two bank memoranda: 1. Acredit of $2,362.00 for the collection from a customer for Oriole Company of an electronic funds transfer. 2. A debit for the printing of additional company checks $92.75. At November 30, the cash balance per books was $11.376.20 and the cash balance per bank statement was $17.980.40. The bank did not make any errors, but Oriole Company made two errors. WAS Asse Ung the steps in the reconciliation procedure, prepare a bank reconciliation at November 30, 2022. (Listams that increase balance as decal places . 5.275. SO ORIOLE COMPANY Bank Reconciliation Textbook and Media Prepare the adjusting entries based on the reconciliation. Note: The correction of any errors pertaining to recording checks should be made to Accounts Payable. The correction of any errors relating to recording cash receipts should be made to Accounts Receivable) (Credit account titles are automatically indented when count is entered. Do not indent manually. Round answers to 2 decimal places, . 5,275. 50. Date Account Titles and Explanation Debit Credit Nov 30 To record electronic funds transfer received by bank) Nov 30 [To record charge for printing company checks) Nov 30 (To correct error in recording check Nov 30 To correct error in deposit Textbook and Media