Question $5$ of $6$

$1\mathrm{.}19$

The bank portion of the bank reconciliation for Oriole Company at November $30,2022,$ was as follows.

Oriole COMPANY

Bank Reconciliation $($Partial$)$

November $30,2022$

Cash balance per bank

Add: Deposits in transit

Less: Outstanding checks

$\backslash$table$[[$Check Number$],[3451],[3470],[3471],[3472],[3474],[$Adjusted cash balance per bank$]]$

$$14,767\mathrm{.}90$

$2,530\mathrm{.}20$

$17,298\mathrm{.}10$

Check Amount

$\backslash$table$[[$$$2,261\mathrm{.}20,],[721\mathrm{.}20,],[845\mathrm{.}20,],[1,427\mathrm{.}20,],[1,052\mathrm{.}20,6,307\mathrm{.}00$

Question $5$ of $6$

$\frac{1\mathrm{.}19}{5}$

The bank statement contained two memoranda:

A credit of $$6,370\mathrm{.}00$ for the collection of a $$6,200\mathrm{.}00$ note for Oriole Company plus interest of $$200\mathrm{.}00$ and less a collectior fee of $$30\mathrm{.}00.$ Oriole Company has not previously recorded any interest on the note.

A debit of $$86\mathrm{.}50$ for an NSF check written by L$.$ Rees, a customer. At December $31,$ the check had not been redeposited in the bank.

At December $31,$ the cash balance per books was $$14,475\mathrm{.}20,$ and the cash balance per the bank statement was $$23,772\mathrm{.}70.$ The ban did not make any errors, but two errors were made by Oriole Company.

$($a$)$

Your answer is partially correct.

Using the five steps in the reconciliation procedure, prepare a bank reconciliation at December $31.($Round answers to $2$ decimal places, e$.$g$.52\mathrm{.}75.$ List items that increase cash balance first. Reconcile cash balance per bank first.$)$

ORIOLE COMPANY

Bank Reconciliation

December $31,2022$