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The following errors were found when the controller at Oriole Camping was doing the July 31 bank reconciliation. 1. 2. 3. 4. On July
The following errors were found when the controller at Oriole Camping was doing the July 31 bank reconciliation. 1. 2. 3. 4. On July 9, Oriole recorded a deposit as $2,064. The correct amount was $6,420. The deposit was for the collection of an account receivable and the bank recorded it correctly. On July 14, Oriole recorded a payment on account as $2,700. The correct amount was $2,070. It was correctly recorded by the bank. On July 16, Oriole recorded a payment for the purchase of supplies as $580. The correct amount was $850. It was correctly recorded by the bank. On July 22, the bank recorded a deposit as $840. The correct amount was $480. This error was corrected by the bank on July 23. Oriole had correctly recorded the deposit. 5. On July 25, Oriole recorded a deposit as $675. The correct amount was $765. The deposit was for the collection of an account receivable. This deposit was correctly recorded by the bank on July 28. 6. On July 31, the bank debited Oriole's account $470 for a cheque written by another company, Country Land, because the account number on the cheque had been damaged. The bank employee who looked up the account number made a mistake.
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